Interest on a 2 month delay in TDS payment Got calculated Rs 2020.50 but We erroneously had paid Rs 1040 back in June. Now, 2 more months have passed. I need to know whether the Difference amount of Rs 980.50 is needed to be paid or the interest kept compounding in all that time.
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Query regarding TDS Late payment procedure 26Q
Replies (3)
Quick Summary
It will get compounding
Compund interest effected
Thanks For replying both of You. I need more help with regards to payment of the interest and please know that I do not have a DSC.
I have paid challan with calculated interest amount. In my understanding, Now I'll have to perform an online correction and then revise file the return with conso file. Is this correct or am I missing something ?
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