16 November 2010
one of our client a public company so far has not file tds e return of quarter1 & quarter 2 and not paid tds deducted for the month of aug,sep & oct.
what are the consequnces other than interest for delayed payment.
16 November 2010
They are liabe to deposit TDS along with Interest u/s 201. For not submitting the return in time a penalty of Rs 100 per day for the period of default is applicable.
CAclubindia
