sir, pls tell me if the deductor not issue the deductee the TDS cerificate on MONTHLY Basis, what is the penalty on deducter
penalty,if tds cerificate not issued on monthly basis
TRILOCHAN (SENIOR ACCOUNTANT) (698 Points)
14 June 2008
Shyam Lal Naik
(Service)
(6156 Points)
Replied 14 June 2008
The penalty for delay in issuing TDS certificate is Rs. 100.00 per day.
If the deductee desires, Consolidated certificate can be issued.