Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Demand of interest on late payment of tds

Save Share

This query is : Resolved

amit dadhich (Querist)
Follow

24 November 2011 Dear Experts,

my clinet has received a intimation letter from TDS department demanding the payment of Interest on late payment of TDS for 1st Qtr of Financial year 2010-11.

after verification I have advised ny client to make the payment, my query is :-

1) do we need to file a revise / correction TDS return for the quarter or 2) we need to intimate the payment to the concerned TDS department by filing the hardcopy of the same or
3) both the above methods has to be followed

awaiting an early reply

thanks & regards

Amit

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

24 November 2011 Your point no. 3 : "both the above methods has to be followed" is the most appropriate as all the purpose gets fulfilled.

1. Payment of due TDS / interest
2. Reply of the Notice
3. Data updation on NSDL website.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now