Tds on salary not deducted???
This query is : Resolved
27 February 2012
Dear Experts,
If company has not deducted the TDS of employees (short deducted or not deducted at all) till now, & now they are going to deduct TDS.
Question is,
Whether the company is liable to pay interest on such TDS deducted & paid in Feb & March for whole FY 2011-12
If company has not deducted the TDS of employees (short deducted or not deducted at all) till now, & now they are going to deduct TDS.
Question is,
Whether the company is liable to pay interest on such TDS deducted & paid in Feb & March for whole FY 2011-12
27 February 2012
Interst under Section 201(1A) is 1% and is payable from the date on which such tax was deductible to the date on which such tax is actually paid.
This provision is amended w.e.f. 01/07/2010 as under:
1% from the date on which such tax was deductible to the date on which such tax is actually deducted.
1.5% from the date on which such tax was actually deducted to the date on which such tax is actually paid.
i think i resolved your query
This provision is amended w.e.f. 01/07/2010 as under:
1% from the date on which such tax was deductible to the date on which such tax is actually deducted.
1.5% from the date on which such tax was actually deducted to the date on which such tax is actually paid.
i think i resolved your query
27 February 2012
Sir that was not my question...
Question is,
TDS deducted late on salary i.e., not deducted at all during the months from April,11 to Jan,12
Whole TDS will be deducted on Feb,12 & March,12 then Interest liability will arise or not?????
Question is,
TDS deducted late on salary i.e., not deducted at all during the months from April,11 to Jan,12
Whole TDS will be deducted on Feb,12 & March,12 then Interest liability will arise or not?????
27 February 2012
yes as i said above
1 % from the date of date on which tax was deductible to date when tax was actually deducted
1 % from the date of date on which tax was deductible to date when tax was actually deducted
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- Inter corporate deposits
- Invoice V/S Goods receipt Note Date
- Regarding appeal to GSTAT
- Multiple trade mark
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
