Int on tds in default notice & last date has already lapsed
This query is : Resolved
23 November 2013
Respected sir,
One company assessee has received the TDS-default notice for payment of Rs. 552 as a interest on late payment and last date for payment was 20-11-2013.
Now should i calculate the int. on this amount or not ? At what rate of % should i calculate? Int. should be calculated as per day or month ?
Please reply me as soon as possible as it is urgent for TDS issue.
One company assessee has received the TDS-default notice for payment of Rs. 552 as a interest on late payment and last date for payment was 20-11-2013.
Now should i calculate the int. on this amount or not ? At what rate of % should i calculate? Int. should be calculated as per day or month ?
Please reply me as soon as possible as it is urgent for TDS issue.
24 November 2013
just pay off the demand and submit the challan to the AO. These TDS matters always keep you on tenterhooks. If your company allows, better pay Rs 50 etc just to cover for all stupid notices they keep issuing for short deduction, short interest etc
17 December 2013
Thank you Mr. Nikhil kaushik.
18 December 2013
welcome Mr Shankarwala.
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