We have paid tds of Aug on 7th Sept and inadvertently we have paid interest also. Payment of tds was not all delayed. We have paid on time. But wrongly we have calculated interest also on the payment of tds.
How to claim refund of this interest ?
Please let me know the procedure for claiming refund of interest.
25 September 2014
Tarique Rizvi, instead of getting refund, you may adjust the excess sum remitted with current period TDS returns. You may use the challan upto the 4th quarter return.
CAclubindia
