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TDS penalty

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2011 Dear sirs,

We want to know what is rate of penalty applicable for TDS delayed (payment after 7th) total TDS amount is near 13 Lacs
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chetan soni

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chetan soni (Expert)
08 February 2011 The interest on delayed payment of tds is 1% per month or part thereof.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
08 February 2011 W.e.f 1/7/10, rate of interest on late payment of TDS is 1.5 % per month or part thereof, to be calculated from the date of TDS deduction.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 February 2011 https://www.caclubindia.com/articles/all-you-want-to-know-about-tds-7882.asp

For details see above article.

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