2 months interest for 1 day delay in pmt of tds ???
This query is : Resolved
02 August 2014
Hello everyone,
i filed TDS return of my client. Tax was deducted on 30/4/14 and paid on 30/05/14 after due date. i paid 1 month interest.
now i received intimation from TDS cpc asking for payment of 1 months extra interest.
I called TDS CPC and they are saying this is as per law.
If this is as per law then for 1 day delay 2 months interest has to be paid which is illogical and clearing not the intention of the lawmaker.
My question :
Should i pay the additional 1 one month interest or there is any other option available ?
i filed TDS return of my client. Tax was deducted on 30/4/14 and paid on 30/05/14 after due date. i paid 1 month interest.
now i received intimation from TDS cpc asking for payment of 1 months extra interest.
I called TDS CPC and they are saying this is as per law.
If this is as per law then for 1 day delay 2 months interest has to be paid which is illogical and clearing not the intention of the lawmaker.
My question :
Should i pay the additional 1 one month interest or there is any other option available ?
02 August 2014
cos they take for april and may 2014 as 2 months while cal int.
02 August 2014
I know but what is the normal practice. should i pay the interest on not ?
02 August 2014
yes else the int will keep mounting.so pay immedieatly they are ri8
05 August 2014
this is the normal practice and normal rule as per income-tax act.
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