Pooja (Final CA) (502 Points)
12 September 2013If a company made a payment of Rs. 100000 on 3/10/2012 without deducting TDS, but deducts TDS in september say 12/09/2013 and pays before 7/10/2013. Then what will be the Penalty and Interest amount payable?
Am I supposed to pay only Penalty or Both Penalty and Interest?
Yogesh Tirthani
(Student)
(292 Points)
Replied 13 September 2013
Pooja
(Final CA)
(502 Points)
Replied 16 September 2013
Its a Pvt. Ltd. Company, TDS is on payment to contractor.
CAclubindia
