🇮🇳India

TDS जमा में देरी के कारण ब्याज दंड

2 verified sources

Definition

Training material vendors often qualify for TDS deduction. Manual calculation errors or deposit delays lead to 1.5% monthly interest under Income Tax Act.

Key Findings

  • Financial Impact: ₹1.5% per month interest on late TDS deposits; ₹200-₹1,000 per late payment instance
  • Frequency: Monthly TDS deposits (7th of next month)
  • Root Cause: Manual TDS calculation during vendor invoice verification; missed deposit deadlines

Why This Matters

The Pitch: Secretarial Schools waste ₹10,000-₹50,000 annually on TDS interest penalties for vendor payments. Automated TDS calculation and reminders eliminate this.

Affected Stakeholders

Accounts Executive, Finance Controller

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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