Interest on late payment of tds

TDS 625 views 2 replies

jean

article assistant

113 Points Joined January 2012

The assesee is depositing interest on late payment of tds. during the depostit of TDS, they are not bifurcating interest amount from actual tds amount.(i.e composite amount has been deposited under 194C).

is the assees is in default?

IS there any provisions that make mandatory to show interest portion separately.

Replies (2)

NITIN

96 Points Joined September 2010

In TDS return filing you can bifercate the amount...............................

Guest

Yes, It will missmatch as department will consider it as total TDS paid and not interest thereon, default will generate at the time of filling return of TDS, This is wrong... kindly do the remedy