Tds notice from it office

Ravishankar K (Accountant) (461 Points)

18 November 2011  

Hi Friends we have received notice from IT Dept, for payment of Rs.210 interest & Rs.40 as interest on interest as during FY 10-11 we have delayed submission of TDS by one day, i.e due date was 08/11/10 and we submitted on 09/11/10 so i have confirmed with IT officials just need your confirmation

 

I have to fill regular challan ITNS -281 and mention assessment yr as 2011-12 & FY as 2010-11 and interest as 210 and interest on interest as Rs.40/- i am told that interest on interest is penalty and we have book it under penalty in 281 challan.

 

Please confirm so that i can immediately pay & settle.