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
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Regarding tds when tan applied late
Replies (1)
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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