🇮🇳India

TDS डिफ़ॉल्ट पर जुर्माना

2 verified sources

Definition

Failure to deduct TDS on major gift processing or event reimbursements to donors triggers 1-1.5% monthly interest plus ₹200/day penalty.

Key Findings

  • Financial Impact: ₹200/day penalty + 1.5% monthly interest; min ₹5,000-20,000 per violation.
  • Frequency: Monthly/quarterly if major gifts processed
  • Root Cause: Manual tracking of donor payment thresholds and deposit deadlines.

Why This Matters

The Pitch: Dance companies in India face ₹10,000-50,000 penalties per TDS default on major gifts. Automation of donor TDS ensures 100% compliance.

Affected Stakeholders

Accounts Payable, Compliance Officer

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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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