Tds defaults

This query is : Resolved

Rohail Kumar (Querist)
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23 November 2013 dear sir/madam I have recieved a notice for late payment of TDS and after downloading justification report it showed one month additional default and hence interest was increased for one month in each case. But according to the Act it should be one month less . So kindly guide me in this manner.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 November 2013 then u ask for rectifcation u/s 154 and apply online.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 November 2013 Dear Rohil,

If I am not wrong, you paid TDS a few days after the due date. in such cases the department calculates interest for two months.

if that is not the case, you should file rectification application as suggested by Tushar.

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