19 March 2014
I have filed a TDS return of 2nd qtr. But it was late filed by 2 days for that I have received intimation u/s 200A of I.T.Act 1961 of Rs. 400/-. I have been paid that amount with interest & filed the return.But again i have received one intimation u/s 154 of I.T. Act of Rs.410/-(408). That amount is called as late filing levy. I just want to know the calculation process of the above matter. Plz give reply as early as possible.
19 March 2014
Have you filed correction statement after payment of Late fees. I am sure not. Please file the Correction statement stating the amount in fees column of the statement.
20 March 2014
Yes, I have filed the correction statement also. But I want the procedure for calculating the interest & late filing levy on that interest. If you have any idea about the availability of the excel sheet of calculations plz tell me. Thanks
CAclubindia
