Can i deposit TDS of 31/03/2013 after 30/04/2013 but before 15/05/2013
2 Replies
Rahul garg
(ca final student)
(89 Points)
Replied 08 May 2013
yes you may but it will be liable for interest @ 1.5%
(Guest)
yes you can pay the tds amount with additional interest of 1.5 % per month [section 201 (1A)], wherre part of month is considered as full month.
Interest is always applicable.
There is one more specific provision which levies penalty for the same, i.e Secion 271 C ( penalty shall not exceed the amout of TDS), but if the case is genuine , there shall be no penalty.
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