I had made a payment on 02-08-16 on which tds was deducted and deposited on 12-08-16. Can you please clarify as to why interest @ 1% for a month was charged on filing my tds return, when both the events happened in the same month?
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Interest on late deduction of tds
Replies (2)
POT is not just payment date, but on date of service received/ bill raised.
The service was received and the bill was also raised on on 02.08.16 (same date as the payment was made), but the tds amount was deducted on 12.08.16 and deposited on 12.08.16. If the events happened in the same month and there was no delay in payment, why was interest charged @ 1% for a month.
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