Section 220(2)

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Preetam Singh Shekhawat (Querist)
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28 December 2013 Dear Sir,

I just want to ask that interest u/s 220(2) on which amount will be paid?
Either on late payment amount of TDS or short deduction amount of TDS or Late filling of TDS or in all of above?

Give a reply as early as possible.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 December 2013 It will be calculated on actual amount of tds payable.

Preetam Singh Shekhawat

Preetam Singh Shekhawat (Querist)
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31 December 2013 Thanks for the reply.

But sir in a case before me I saw in a justification report downloaded from the TRACES that the interest u/s 220(2) is charged only on late payment and late filling amount not on short deduction amount.

Please clarify in this regard or if there is any notification?

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