Deposit them now with the interest and file the TDS returns.
I have recently hired a consultant for advisory purpose at my startup, and as per IT rules have been making TDS deductions. However, it has come to my notice that those deduction haven't been submitted. I need help in this regard.
Hi Lakshita, since May of this year.
Interest shall be at the rate of 1.5% per month from the date at which TDS was deducted to the actual date of deposit. Note, that this is to be calculated on a monthly basis and not based on the number of days i.e. part of a month is considered as a full month.
Also, due date for TDS return for the quarter ending was 31st July. So a late filing fee would also be applicable.
We may help you with return filing.
Hi,
One tax is deducted and deposited with the Government, you will have to file TDS returns regularly. The due date of the return for the first quarter (April to June 2017) has just passed by. You can file it belatedly now.
Do let us know in case you need any further assistance.
Regards,
Keerthiga Padmanabhan
M.Com., CA, LL.B
Hello,
Could you please clarify as to what do you mean by haven't been submitted. As to they are not yet paid to the government or the returns have not been filed.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP