Interest on late deposit of tds for 194j payment

Sandeep (Self Employed) (125 Points)

04 January 2012  

I am not clear on what interest is to be paid on delayed deposit of TDS u/s 194J.

TDS deducted u/s 194J on the 4th October 2011 but will be deposited only on the 5th/6th Jan 2012. Is interest on delayed deposit to be paid from 4th October 2011 till date of deposit including fracftional months (4 months) or is to be paid from the due date of deposit 7th Nov 2011 till date of deposit including fractional months (3 months)?

Wording of the act seems to imply it has to be paid from date of dedcution i.e. 4th Oct 2011.

Request for clarification.

Regards

Sandeep