what happend if tds not remitted to government?

We are deducting the TDS from all types of payment. But we not remitted to the governemtn.

2007-06-04 03:59:28 · 1 answers · asked by peddirk 1 in Business & Finance ➔ Taxes ➔ India

you might end up as a defaulter, and may be asked to pay heavy interests on money collected but not paid to govt.!

2007-06-04 21:16:57 · answer #1 · answered by swanjarvi 7 · 0⤊ 0⤋

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