Interest on late payment of interest of tds

Vishnu Chitlangia (Article Clerk) (95 Points)

27 January 2012  

Dear All,

IT Dept issuing TDS default notices and asking for payment of the Interest on late/short/non payment of TDS.

In general they notices mention the amount of defualt and interest payable on that however no details about the calculation of interest is provided and we are asked to pay interest till date of payment.

Its becoming deficult also as the Quarter in question have Co./Non Co. dedcutee hence bifurcation required for deposite of Interest on TDS.

Request you to suggest about how to calcuate Interest on late payment of interest on attached file.

Awaiting your earliest reply.

Reg,

Vishu