Interest on tds delayed remittance

vinay (accounting) (165 Points)

14 December 2011  

Dear Member,

In one of the cases, TDS on REnt was deducted on 5th Aug 2011 and was due to remit on 7th Sept 2011. Due to reasons, the TDS was remitted on 7th Oct 2011 considering 2 months as penalty. But the IT Dept has sent an notice with 3 months as penalty and the difference of 1 month now needs to be remitted. Can any member Please explain how was this 3 months arrived. Iam unable to get the logic?

Thank you,