25 January 2015
My client deducted TDS on rent on 22nd OCT'14 & made pay of same on 2nd JAN'15 along with interest for 3 months. But TRACES issued demand for interest on late pay of TDS for 4m instead of 3m. I think they are taking the months as calender months instead of a month of 30 days.
Call anyone tell me what are the remedies available for this?
25 January 2015
Yes they are taking the months as calender months. 4 months as Oct, Nov, Dec & Jan. No remedy but to Deposit the remaining part of the interest.
CAclubindia
