Interest on late payment of tds

Dear All,

need your assistance.

An company deduct TDS on 30-09-2013, and paid this on 08-10-2013, Due date for payment of TDS is 07-10-2013. 

Company did not make payment of Interest on TDS and get notice. Please guide that interest is to be calculate for 1 month or 2 month.

Replies (5)

It will be for 1 month.

We received notice from Traces and this calculate this for 2 months, how?

When was it liable to be deducted ??

in query dates for all is given

In that case you should talk to the customer care of Traces for the correction of time period to 1 month rather than 2 months.

No : 1800 103 0344 (Toll Free)

or 0120-4814600

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