Interest on late payment of tds
This query is : Resolved
MANASH DAS
(Querist)
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?
Call anyone tell me what are the remedies available for this?
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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