03 May 2014
I had deducted TdS u/s 194ia in March 14 but deposited it only in May 14. Also, I missed on paying the interest @ 1.5% . Can someone please suggest if this will create any issue in issuing TdS certificate to the seller? also how can I pay the interest now?
04 May 2014
There will be no problem in Form 16A. But a notice from TRACES will be sent to you to pay the interest. In this you should pay the interest and file a correction ETDS statement for the respective quarter with enclosing the Interest challan details in it.
CAclubindia
