23 November 2009
What would be the consequences if a company deposits TDS (and Service Tax too) manually with the bank and not electronically for last 1 year or so.
Please also mention whether there is any obligation of the company to pay Interest & Penalty if this is to be considered as default.
23 November 2009
No penalty till now notified for TDS not deposited electronically. however it is in your interest to remit the same electronically in future.
CAclubindia
