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Tds on salary

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(Querist)
29 June 2013 If a public ltd. company doesnt deduct TDS on salary for April, May, June and starts deducting TDS from July for the taxable amount/9 months what are the provisions that will apply??? Any interest is payable and on what amount???
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
29 June 2013 Interest is not payable, Sec 192B will apply
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sivabommakanti

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sivabommakanti (Querist)
29 June 2013 What are the penalties as per section 192B for the above???
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sivabommakanti

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sivabommakanti (Querist)
29 June 2013 What are the penalties as per section 192B for the above???
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
29 June 2013 Agree with expert

Delayed payment of Interest will apply u/d.201(1A)

Since you have deducted the TDS in balance month only interest will apply, no penalty


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