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Dear sir. what will be happened if we have not depositd the TDS in a particular Quarter due date? Thanks Rajesh
From India , Bangalore
Dear Verma,
Please do not do this. This Non Payment attracts interest.
Calculate the no of months delay i.e. from the date of deduction to the date of payment multiply the no of months into 1.5% add this amount to the TDS Deduction and pay it immediately.
Also there will be additonal penalty you will have to pay i.e. late submission of return i.e. Rs.200 per day maximum upto TDS Amount.
To avoid this humble request to Pay the as early as possible.
Ramakant
From India, Pune
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