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Wrong interest calculation from trace.cpc for tds

TDS 2802 views 2 replies

i have filed a tds return and details are as under

date of payment & deduction is same-25-7-12................4500/-

due date of deposite -07-08-2012

and actual tds deposite is 20-08-2012.

 

then interest is paid for 1 mnt. or 2 mnt. --------------------1.5% on 4500 is 68

 

they have calculate on 2 mnth.. is 68*2=135

as far i know interest should be calculate on on month b.coz we have paid on aug.

 

please reply..................wheter it is true or wrong...........

Replies (2)

tds interest liability arise for 1 month only.

Interest will be calculated by TRACES for the month of July & August


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