Dear all,
in case a company had to deduct sum tax in the month of Apr & May, but TAn has been applied in June.
How does the Company deposit such TDS.
What are the penalties in this case?
pls help
CA Saxena (CA) (161 Points)
07 February 2013Dear all,
in case a company had to deduct sum tax in the month of Apr & May, but TAn has been applied in June.
How does the Company deposit such TDS.
What are the penalties in this case?
pls help
jituparmar89@gmail.com
(jituparmar89@gmail.com)
(94 Points)
Replied 07 February 2013
first of all when company deduct sum tax in a next month (30days ) it's a application in form no49b and deposited tax on month end and 7th day otherwise it's late payment interest applicable at 1.5% per month..
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