Interest on tds due to delay in remittance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2016
Dear Sir / Madam,
Please help me on this.
TDS deducted: INR 1,14,245 For October 2015 of which:
1. 194I- a) Lease rental Building: INR 9,450
b) Use of machinery: INR 210
2. 192B- INR 1,04,585
We have remitted TDS on 18th December 2015.
We remitted INR 1,15,959 ( INR 1,14,245 + one month interest of INR 1,714).
Now we received a notice stating that Interest on late payment u/s
1. 194I: INR 432
2. 192B: INR 4689
Please help us on Calculation of interest payable by us.
Thanks in advance.
Please help me on this.
TDS deducted: INR 1,14,245 For October 2015 of which:
1. 194I- a) Lease rental Building: INR 9,450
b) Use of machinery: INR 210
2. 192B- INR 1,04,585
We have remitted TDS on 18th December 2015.
We remitted INR 1,15,959 ( INR 1,14,245 + one month interest of INR 1,714).
Now we received a notice stating that Interest on late payment u/s
1. 194I: INR 432
2. 192B: INR 4689
Please help us on Calculation of interest payable by us.
Thanks in advance.
28 January 2016
but you have deducted TDS for October and remittance on December , but Due Date falls on 07th of NOV if you fail than you have to pay interest from Oct-2015 , you have to pay interest for 3 months. Rs.5141
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