Dear Experts,
I recieved a late payement charge for the 1% TDS for property that I have made. Given below are the details.
Date of Deduction/Credit as Per 26QB : 29-May-2015
Due Date of Deduction : 29-May-2015
Date of Deduction as Per 26QB : 03-Jun-2015
TDS Deductable : 7575
Perios of Delay : 2 Months
Interest of Late deduction : 2 months (Date of Deduction as per 26QB - Due Date of deduction)
Late payment on deduction : 7575*2*1%
Why os the late payment charge levied since I have made TDS deposit within 7 days of the from the end of the month of deduction.
Please advise.
Thanks,
Jaya
CAclubindia
