On late filing of TDS returns, the assessee is liable to pay a late fee and if the TDS Payment is not made by the due date, the assessee is liable to pay Interest or Penalty or both to the department in ITNS 281 Challan.
Payment of Late fee, Interest, and Penalty is supported in Tally.ERP 9
The following Payment Scenarios are explained in detail, with respect to payment of Interest, Penalty and Late Fee for TDS
Payment of Interest and Penalty (along with TDS Payment)
Payment of Interest and Penalty (with no TDS ledger included)
'Interest, Penalties and Late Fee' has been shared with
