As per defaults available on TIN's website, I have deposited the Interest on Late deposit of TDS and also calculate Late Payment Interest from Date of Deposit of Tax till Date of Processing and deposited the same as well. I have also filed Revised TDS Return and added these Interest Challan. Then I have again received Default file for the same period. As per this Default, NSDL not given the credit of 'Late Payment Interest from Date of Deposit of Tax till Date of Processing' deposited by me. Challan of both the Interests are same. Is there is any other way to enter both the Interests?
2 Replies
Harish Goyal
( )
(25 Points)
Replied 15 June 2012
I have also received default details regarding interest on late deposit of tds for quarter 4 of fy-10-11 and 09-10.
The interest amount is about 700 hunderd rupees in total.
After deposting such interest, will I have to revise both the returns??
please guide me.
NiTiN JAiN
(TAX CONSULTANT & CA FINAL STUDENT)
(155 Points)
Replied 15 June 2012
No there is no need to revise the return for interest on late payment of TDS. you should deposit the interest in tax on regular assessment. You could moreover give the copy to your TDS officer alongwith covering letter.
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