TDS Payments

TDS 623 views 5 replies

pooja

Accounts Executive

69 Points Joined April 2010

Hello everyone,

I would like to know in detail,if TDS of particualr section is not paid before 7th of evry month??what interest or penalty one has to pay,along with the payments to b done after 7th?

Please guide..

Thanks in advance

Replies (5)

Interest from 01.07.2010
.
> For late deduction of Tax deduction at source-(period: date from tax deductible to date of actual deduction ) (rate 1 % per month or part thereof)
.
> For late deposit of TDS after deduction (period: date from tax deducted and date of actual deposit) (rate 1.5 % per month or part thereof)

CA ADITYA SHARMA

CA IN PRACTICE

16719 Points Joined May 2011

Originally posted by : Deepak Gupta
	Interest from 01.07.2010 . > For late deduction of Tax deduction at source-(period: date from tax deductible to date of actual deduction ) (rate 1 % per month or part thereof) . > For late deposit of TDS after deduction (period: date from tax deducted and date of actual deposit) (rate 1.5 % per month or part thereof)

CA Rakesh Garg

Asst. MGR Taxation

510 Points Joined April 2009

i m also agree wid deepak

Guest

Originally posted by : Deepak Gupta
	Interest from 01.07.2010 . > For late deduction of Tax deduction at source-(period: date from tax deductible to date of actual deduction ) (rate 1 % per month or part thereof) . > For late deposit of TDS after deduction (period: date from tax deducted and date of actual deposit) (rate 1.5 % per month or part thereof)