28 April 2013
Sir, We found from TDS return submitted by our appointed agency that the TDS for rent bill booked on 1-8-12 and 1-9-12 was deposited on 8-10-12,pl let us know the incidence of interest on both bills as to how much interest accrued which we want to pay by 30th of this month,with revised return,pl advise. regards,
29 April 2013
Yes before revising the return it is better to pay the interest and show the payment in your revised return to avoid generation of any default.
29 April 2013
Sir, There seems i could not narrate properly to you,yes i agree to pay it before revised return, but my accountant told that interest to be paid till date of revision not till date of payment of TDS as you have suggested, i know logically he is wrong but just to be sure, sorry once again for bothering you.... sir please.....clarify, regards, ashok thakker
11 June 2013
Any default in payment of TDS interest is attracted as suggested by the expert and the same is to be paid up to the date of payment of TDS but you have to pay for fraction of the month also. If the amount is big then you may receive a notice from the CIT for prosecution u/s 276B for late payment of TDS but you should pay the interest immediately up to the date of payment of TDS
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