TaxTMI 
TaxTMI 
Non Payment of TDS Interest
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....on Payment of TDS Interest<br> Query (Issue) Started By: - venkatesh B Dated:- 25-3-2016 Last Reply Date:- 26-3-2016 Income Tax<br>Got 4 Replies<br>Income Tax<br>Fact: If TDS is paid after the Due dat....
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....e 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 d....
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....uring the return Filing for the Quarter, What are the Implications? Reply By Ganeshan Kalyani: The Reply: This seems to be willfull attempt to evade payment of interest. Rigorous punishment of impri....
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....sonment provision may also apply depend upon the quantum of interest amount is involved. Thanks. Reply By venkatesh B: The Reply: Is there any Option to Pay the Interest with any penalities, in cas....
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....e of Non payment of interest occured Reply By KASTURI SETHI: The Reply: Sh.Venkatesh B, Best reply by Sh.Ganeshan Kalyani, Sir. There is provision for penalty only but that is subject to quantum o....
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....f non-payment TDS and interest. I am not expert in Income Tax. Sh.Ganeshan Kalyani knows the answer to your question. Any expert in the field of Income Tax can answer. It is very simple question. Rep....
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....ly By Ganeshan Kalyani: The Reply: Sir, the law is becoming more effective and stringent. It has been seen that department on willful default has taken the assesse under custody for recovery of tax. ....
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....Hence it is better to pay interest and penalty. Thanks.<br> Discussion Forum - Knowledge Sharing ....