Dear All,
I got a notice for interest payment . I paid the same and revised my return..Again a default got generated which showed the following:
| Financial Year | Count of Short deduction records | Count of Short payment records | Count of late payment records | Interest set off amount***** |
| 2010-11 | 0 | 0 | 4 | 4297.00 |
| Late payment interest (till date of deposit of tax) (Total of A) | 4297.00 |
| Less: Total Interest paid through challan***** (B) | 4297.00 |
| Late payment interest payable (till date of deposit of tax) (A - B) | 0.00 |
| Interest Amount from Date of Deposit of Tax till Date of Processing (Total of C) | 0.00 |
| Total interest payable due to late deposit of tax (A - B) + C | 0.00 |
My query is if no amount is payable why did a DEFAULT get generated. What am i supposed to do in this case.When i opened the cosolidated TDS statement it showed unmatched challan i.e in red colour against the challn through which i paid interest. Pls help.
CAclubindia
