01 July 2013
Dear Caclubindia Query 1. Tds Deducted on 6.4.2010 due date 7.5.2010 TDs Deposition 4.8.2010 Q1. interest rate 1.5 or 1 % applicable, from 6.4.2010 to 4.8.2010 or 6.4.2010 to 4.8.2010 Query 2. TDS on Prof. fees 35000 is not deducted in F.Y. 2011-12. what is intrst rate & penalty. since i hv to file revised return can i deduct & pay it know ???????????? thnx
02 July 2013
For Query 1, Interest @ 1% from 06-04-2010 to 04-08-2010 for 4 months should be paid. For Query 2, Interest @ 1.5% per month. Regist your TAN under TRACES website and obtain the required Quarter's NSDL Consolidated file then correct and Efile the same. You can pay that TDS now with interest, but if the Deducteee already filed his Incometax return, then now he can not claim that TDS amount.
CAclubindia
