Dear All
NSDL raised default for late deposit of TDS. Now i am going to deposit the tax with interest. In this case we need to revise the return for the same quarter or after deposit the tax we forget it.
Thanks in advance
5 Replies
CMA Ramesh Krishnan
(Cost & Management Accountant)
(71489 Points)
Replied 13 February 2012
In case you pay only interest then no need of revision, just pay and intimate to NSDL. incase you paid short deduction of TDS then need to correct TDS return with the particular deductee
Ankita
(Accountant)
(29 Points)
Replied 11 March 2017
can any one pls help me out with calculation of interest on late payment of TDS?
the TDS for Q1 f.y.2016-17 was made on 1-Aug-2016.
CMA Ramesh Krishnan
(Cost & Management Accountant)
(71489 Points)
Replied 12 March 2017
interest applicable 1.5% per month from the date of deduction to date of deposit
Mahesh Babu
(CA Final)
(618 Points)
Replied 12 March 2017
You need to file the Online revision of TDS return for interest payment of any late payment and/or late filing of TDS returns.
the amount paid by you will remain shown as unclaimed challan until revision of TDS returns for payment of such defaults in the original return.
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