Sir, For Q4'23 TDS Filing in 27Q,
have deposited TDS 4 days after due date. instead of 7/Mar paid on 11/Mar.
For this i have paid 1.5% interest for 1 month (Rs.342).
But my 27Q received TDS Default demand of Rs.10,750 as interest under 201
It seems the demand incorrect.
Should I submit a correction in Traces.
Details : Paid to Deductee: 1 Lakh -on 17/FEB/23. TDS @ 22.88% is 22,800 deposited 4 days late by 11/Mar with 1.5% (Rs.22800)= 342 (Due date 7 of next month = 7/Mar)
The default demand is for Late deduction = Rs.10750 as interest.
The Payment & TDS deducted date is same (17/Feb).
Have incorrectly mentioned deducted date in 27Q RPU as deposit date(11/Mar).
Is the late deduction demand is due to this.
CAclubindia
