I received a notice charging interest on late payment of interest on tds. Interest on tds is rs.570 but interest on interest on tds is rs.4809. Can anybody explain its calculation?
R.Reshma (Student) (56 Points)
19 June 2013I received a notice charging interest on late payment of interest on tds. Interest on tds is rs.570 but interest on interest on tds is rs.4809. Can anybody explain its calculation?
ANAND S
(student)
(162 Points)
Replied 19 June 2013
Interest on tds from date on which payable to date of tax paid but interest on interest they might have calculated till date so what is the dates in your transaction (DOP, Date of tds paid and notice date)
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)