bishan singh negi (service) (104 Points)
23 April 2008hi,
could you please tell me whether payment of TDS for the period ending 31.03.2008 which is payable is compulsery to pay through on line in the case of prop. firm and whose accounts are audited. 2. if he does not pay through on line what will be penalty.
thanks with regard please
CA Akshat
(article)
(422 Points)
Replied 24 April 2008
hi
its compulsory to make payment of tds in time online. however there is no clarification given by CBDT of panelty so its better not to comment on it...
Gayathri Devi
(CA Final)
(882 Points)
Replied 28 April 2008
u/s 272A(2)(K) OF D IT ACT 1961 penalty of rs.100 for each day of default for d late filing of tds.
u/s139A (5B) OF D IT ACT U R require to quote d pan of all d deducties in d tds returns.in case of non compliances penalty of rs.10000 can b levied u/s272B.
CAclubindia
