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TMI BlogNon Payment of TDS InterestX X X X Extracts X X X X X X X X Extracts X X X X ..... Non Payment of TDS Interest X X X X Extracts X X X X X X X X Extracts X X X X ..... te 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... during 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 impr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... isonment 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 ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of 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. Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Hence it is better to pay interest and penalty. Thanks. X X X X Extracts X X X X X X X X Extracts X X X X
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