Interest on late payment of tds

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mehul (Querist)

27 June 2013 PLS HELP ITS URGENT

I have to file Tds return. For Q1 I have made tds payments late 8 to 10 days and have not paid interest but before filing of return I have to pay the intetest pls suggest how to calculate exact interest there are 200 entrries will I have to calculate interest in respect of each entry. I.E from date of deduction of each 200 entries

also pls suggest any excel file or software I use RPU software from TIN-NSDL site for exact computation of intrest .

Also how can I check whether interest is corectly computed
PLS REPLY ITS URGENT
Pls also suggest should I show the interest in total or against specific section in return....

mehul

mehul (Querist)

27 June 2013 Interest on late payment of tds pls reply its urgent...

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

29 June 2013 Interest on delay payment of TDS need to pay before receiving the notice from department

You can calculate interest on total TDS amount with section wise. no need to calculate deducteewise

Yes. you can use the RPU or private software available in marker

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