TDS Return demand interest us 220(2) waive off.

This discussion addresses a query about a TDS default notice that included interest under Section 220(2) after a fee under Section 234F was already paid. The advice given is that if the payment was made within the stipulated time, interest shouldn't apply. However, if payment was delayed, interest is chargeable. The jurisdictional Income Tax Officer (ITO) has the authority to reduce or waive this interest based on an appeal.