Interest calculation on tds late payment

TDS 568 views 2 replies

NILADRI SEKHAR RAY

B.Com

112 Points Joined June 2013

Dear All,

Nov’2012 we download a Justification report for our TDS return default. A interest value of Rs 2817/- showing on that default statement. We checked that default statement and submit a correction statement with addition of Rs. 2800/- interest challan and which accepted by Department. But we recently received a Intimation U/S 200A from TRACES with a default amount of Rs. 1050/- (after adjusting previous Rs. 2800/-; i.e. (3850-2800=1050)).

Please said that why this due default generated ?

Replies (2)

CA Kumar Ajay

Following My Dreams

228 Points Joined December 2008

When Did You Dload The File Which Said Rs. 2817 ??

When Did You Actually Pay Rs. 2800 ??

NILADRI SEKHAR RAY

B.Com

112 Points Joined June 2013

Sir,

First we received a intimation mail from NSDL 1st week of June'2012 for Financial Year 2011-12 Qtr1 Non Salary TDS return. And we deposit Interest TDS amount on 2800/- on 14-06-2012. But due to transition period of TDS database from NSDL to TRACES, consolidated file downloading was temporary suspended by both NSDL and TRACES.

And for that we submit our correction statement for Financial Year 2011-12 Qtr1 on 03-12-2012 with adding a challan of Rs. 2800/- for interest.