TDS INTEREST AND LATE FEES

This discussion addresses a notice received from TRACES regarding interest on short deduction, interest on late payment, and late fees. The primary question is whether paying only the interest amount will result in the waiver of late fees. It's noted that there isn't a separate challan for interest alone, and payments must be made under specific codes depending on whether it's for salary or late fees. While waiving late fees entirely isn't typically possible, revising previous TDS returns might help minimise the amounts if errors like incorrect PAN or calculation issues were the cause.