We have filed our TDS return for IVth qtr. f.y. 2011-12, TDS liability u/s 94J arised in audit, due to some reason we have not deposit the same till today. If we deposit the same today, what is interest liability (Bill amount 202700, dt. 31-01-2012)& whether we revise our TDS return for IVth qtr. 2011-12.
22 May 2013
1.The interest @1% PM or Part thereof from the date on which tax was to be deducted till date od deduction. 2.1.5% PM or Part thereof from date of deduction till date of payment.
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