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Am I liable for the interest for if I fail to dep…

Am I liable for the interest for if I fail to deposit the TDS within a due date?

Am I liable for the interest for if I fail to deposit the TDS within a due date?

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Jeeba Jul. 13, 2018

Income tax act clearly states that if a deductor fails to deposit TDS within a due date or files after a due date, he will be liable for the interest of 1.5% per month from the date of tax deduction to date of tax deposit.