Interest in tds

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Preetam Singh Shekhawat (Querist)

31 August 2013 Interest for how many months or days will be payable on short deduction if no information about date of payment or credit, you only have the information of a particular quarter?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

31 August 2013 Where there is no payment or credit, why the TDS question will come.? need to check the books or bank accounts for the same to identify the date, without base cannot calculate the interest

Preetam Singh Shekhawat

Preetam Singh Shekhawat (Querist)

31 August 2013 Sir I download the justification report from the Traces site. In that report there is short deduction amount and interest thereon but no date, So how can I calculate the interest on the same?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

31 August 2013 then you have to check your tds return details each and every deductions. and download consolidated file as well to check the same

Preetam Singh Shekhawat

Preetam Singh Shekhawat (Querist)

02 September 2013 Sir, for example if short deduction is in the 1st quarter of accounting year 2012-13, then should I take interest from the month of April or by the date?

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