Tds interest

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2018 Hi.

I had paid tds for month of Nov'2017 on 10/12/2017 with interest @1.5% for 1 month. I have received a CPC demand for interest for another month. CPC is calculating interest as per calendar month contrary to various judgements. So what should be done in this case?

Should I pay and file correction? Or, if not, how to file a reply to this?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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27 January 2018 If you pay TDS after due date i.e. Subsequent month After 07th interest is to be paid not for one month but interest to be calculated from deduction month and after due date subsequent month so 2 months interest applicable from 8 th to 30 or 31st of subsequent month, if new month begin than again one more month interest get added @1.5%.
So you have to pay interest and same to be corrected by online by adding challan.