TMI BlogNon Payment of TDS InterestX X X X Extracts X X X X X X X X Extracts X X X X ..... 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? - Reply By Ganeshan Kalyani - The Reply = This seems to be willfull attempt to evade payment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of interest. Rigorous punishment of imprisonment 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 case of Non payment of interest occured - Reply By KASTURI SETHI - The Reply = Sh.Venkatesh B, Best reply by Sh.Ganeshan Kalyani, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sir. There is provision for penalty only but that is subject to quantum 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. - Reply By Ganeshan Kalyani - The Reply = Sir, the law is becoming more effective and stringent. It has been seen that departmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t on willful default has taken the assesse under custody for recovery of tax. Hence it is better to pay interest and penalty. Thanks. - Non Payment of TDS Interest - Query Started By: - venkatesh B Dated:- 25-3-2016 Income Tax - Got 4 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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