Fact: If TDS is paid after the Due date Interest will be Levied on the same @1.5%PM or Part thereof, and these interest should be Paid while Paying the TDS.
Query: Interest is not paid while Paying the TDS to Department & Not even paid during the return Filing for the Quarter, What are the Implications?
Non-payment of interest on late TDS could lead to severe penalties, including imprisonment. Compliance is crucial. A discussion on a forum addresses the issue of non-payment of interest on Tax Deducted at Source (TDS). The initial query highlights the failure to pay interest on TDS at the rate of 1.5% per month when TDS is paid late, questioning the implications of such non-payment. Responses indicate that deliberate non-payment could lead to severe penalties, including imprisonment, depending on the interest amount involved. It is advised to pay the interest and any penalties promptly to avoid stringent legal consequences. The discussion emphasizes the importance of compliance with tax regulations. (AI Summary)
TaxTMI 
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