Non-payment of interest on tds

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anusha (Querist)
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13 March 2014

Hello Friends,

I have a doubt relating to payment of interest on TDS. In our company TDS was deducted and paid after the due date along with interest. But they didn't calculated interest on some TDS amounts. TDS return also filed for the 3rd quarter. My question is for filing revised return is it sufficient to pay a challan for interest not calculated before and file the revised return??????? If sufficient how much interest should we have to pay?????

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Thank You

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 March 2014 no in the revised tds return u need to first pay all the int as applicable then only revise return of tds must be filled.

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anusha

anusha (Querist)
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13 March 2014 Thanks for the reply

But we already paid interest on some amounts. Is it sufficient to pay interest on remaining amounts from the date of payment to till today to file revised return?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 March 2014 yes the bal int not paid it to be 1st paid and then ervise tds return.

anusha

anusha (Querist)
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13 March 2014 is interest to be calculated from the date of deduction to the date of payment(i.e; today)???????

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 March 2014 yes as u hav defaulted na then from date of deduction till date of payment int is applicable.

anusha

anusha (Querist)
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13 March 2014 Thank you soo much for your reply