banner_ad

Interest on tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 March 2013 sir please tell is there any provision regarding interest on interest of tds..

e.g. tds payable = Rs 10,000
Interest payable= Rs 3,000

BUT assessee paid Rs 12,000

now income tax department demanding Rs 1600 (including interest on interest )

thanks in advance!!!
Profile Image

CA Dileep Surya Kumar

Profile Image

CA Dileep Surya Kumar (Expert)
28 March 2013 Normally if you pay less than the amount due they first recover the interest then tax.
Profile Image

kunal

Profile Image

kunal (Querist)
28 March 2013 BUT IT WAS CLEARLY SHOWN IN 24-Q THAT RS 10,000 WAS TAX DEDUCTED AND DEPOSITED

RS 2,000 WAS INTEREST ON LATE PAYMENT


actually assessee calculated interest @ 1% instead of 1.5%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details