Interest on late payment of tds as per income tax
This query is : Resolved
04 January 2014
We have provided Salary on 31.07.2013 and Deposited TDS on 07.09.2013 instead of 07.08.2013 we paid 2 Months Interest for this late payment and Notice as per Traces is demanding Interest for 3 Months so Please guide me for the Actual Provision and stand to be taken against this notice
04 January 2014
Hi
TDSCPC is right. Interest is calculated from the month in which TDS is deducted till date of month.
Thanks
TDSCPC is right. Interest is calculated from the month in which TDS is deducted till date of month.
Thanks
06 January 2014
Sir If trace people are correct according to you then think about where is scope for single month interest so logically it founds not legitimate so sir help me for interpreting act
06 January 2014
Hi
You must be aware that law does nit have logic.
If you dont agree then you may appael against the same.
Thanks
You must be aware that law does nit have logic.
If you dont agree then you may appael against the same.
Thanks
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