Demend of interest for late payment of tds deducted
This query is : Resolved
25 July 2013
If any person Deduct TDS and pay it beyond time period of 7 days for the following month without payment of interest u/s 201(IA). A demand notice is served to pay interest u/s 156. Now assesses is to pay the arrears of interest only or pay the interest and revised the TDS return also for that quarter in respect of which such default is made.
25 July 2013
You can revise the TDS return also with including that challan, otherwise the default will not be removed from TRACES website
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