Excess Deposit of Interest on Delay deposit of TDS
This query is : Resolved
Quick Summary
31 January 2022
Excess paid Interest .5 can be claimed for Next delay of Deposit Of TDS because we have to calculate interest @ 1% instead of we deposit Interest 1.5%.
CA R SEETHARAMAN
(Expert)
31 January 2022
Yes, file TDS return with 1% interest. Use the excess paid in next TDS return by entering the excess paid challan.
31 January 2022
sir,
excess interest paid can be adjusted with TDS amount Payable in Next Month.
excess interest paid can be adjusted with TDS amount Payable in Next Month.
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