When TDS is deducted by any Government organisation (here, Nagar Nigam), but it is not deposited by 7th of the next month. Then in such a case is government organisation liable to pay interest on it @ 1.5% ?.
5 Replies
Yogesh Shukla
(Tax Practitioner)
(712 Points)
Replied 10 May 2014
Interest is applicable whether it is Goverment Organisation or it is Private.
Tanvi
(Student)
(224 Points)
Replied 10 May 2014
But when we asked them to pay interest, they denied..
Yogesh Shukla
(Tax Practitioner)
(712 Points)
Replied 10 May 2014
They will surely get a Notice u/s 200a for the late payment of tds
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
