Interest on tds due to delay in remittance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2016 Dear Sir / Madam,

Please help me on this.

TDS deducted: INR 1,14,245 For October 2015 of which:

1. 194I- a) Lease rental Building: INR 9,450

b) Use of machinery: INR 210

2. 192B- INR 1,04,585

We have remitted TDS on 18th December 2015.

We remitted INR 1,15,959 ( INR 1,14,245 + one month interest of INR 1,714).

Now we received a notice stating that Interest on late payment u/s

1. 194I: INR 432

2. 192B: INR 4689

Please help us on Calculation of interest payable by us.

Thanks in advance.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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28 January 2016 but you have deducted TDS for October and remittance on December , but Due Date falls on 07th of NOV if you fail than you have to pay interest from Oct-2015 , you have to pay interest for 3 months. Rs.5141

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