Interest on late payment of tds

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MANASH DAS (Querist)
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25 January 2015 My client deducted TDS on rent on 22nd OCT'14 & made pay of same on 2nd JAN'15 along with interest for 3 months. But TRACES issued demand for interest on late pay of TDS for 4m instead of 3m. I think they are taking the months as calender months instead of a month of 30 days.

Call anyone tell me what are the remedies available for this?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 January 2015 Yes they are taking the months as calender months. 4 months as Oct, Nov, Dec & Jan. No remedy but to Deposit the remaining part of the interest.

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