Dear All.

If after processing of tds return for 24Q4 - F.y 2012-13, then, notices comes from income tax department to submit interst u/s 2013 , due to late payment of Rs.13590/- u/s400.  What are the Consequences for non- deposit of interest on Tds.

Secondly, during audit our auditor said on 2 deductee , you are not deducted tds of Rs. 16000. so, kindly deduct it.

and

we are deposit total of Rs. 29590 u/s400 ( which is penalty or interest calculated by TDS CPC DEPARTMENT), instead of depositing Rs.16000 u/s 200.

So, kindly advice me, while revising the tds return against the challan, i can bifurcate amount of Rs. 29590 as follows or not: -

TDS :-                 Rs.16000   

INTEREST : -    Rs. 13590.  

Total            :-     Rs. 29590.

but the same is deposited in u/s Rs. 29590.

So, how can i claim Rs. 16000 as Tds.

Thanks and Regards

Darpan Aggarwal