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How to calculate interest on tds default

TDS 711 views 2 replies

Hi

I received default notice from tdscpc my query is i have deducted tds 10000/- date of deduction is 30/4/2012  and date of deposit is 16/05/2013 and date of order pass from cpc is 17/06/2013 they demanded 2100 interest and now i am depositing the interest so how to calculate the interst should i calculate on 10000/- or should i calculate on 2100 for u/s220(2). please suggest.

 

Replies (2)
for sec. 220(2) u need to calculate intt. on 2100

Hi Surendra,

Interest has to be paid on the tax amount specified in the notice from 17/7/2013 to the date you pay the total tax in the demand notice.


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