Received a Jurisdiction demand on TDS return submitted for 27Q for Q4-23
Property purchase payment to NRI (27Q)
TDS Challan 1 : 17/Feb/23 : Payable to deductee: 1,00,000 ; TDS(22.88%) : 22,800 to be paid before 7th of next month (7/Mar/23), Actual date of TDS deposited on 11/Mar/23, [4 days delay]. paid Rs324 as interest (1.5% of 22800)
TDS Challan 2 : 20/Mar/23 : Payable to deductee: 45,00,000 ; TDS(22.88%) : 1029600 TDS deposited on next day 21/Mar/23 with out any delay/interest.
In jurisdiction demand : interest for late deduction (201) -- Rs.10,752. is requested instead of Rs.324 calculated above.
1. Please update my interest calculation of Rs.324 (paid) is correct / How the demand of 10,752 is arrived at.
2. If the demand is incorrect, how can we inform the officer in Traces - Resolution.
Hope correction is not needed if my calculation is correct.
Thanks.
CAclubindia
