Interest on Delayed TDS to be charged by taking month as a period of 30 days

[2015] 64 taxmann.com 212 (Hyderabad – Trib.)

The assessee in the present case is a company incorporated on 21.5.2010 for execution of BOT Road and Tunnel Project at Quazigund, Jammu and Kashmir. A survey under S.133A was carried out in the case of the assessee on 17.9.2012 to verify the compliance of TDS provisions. As found during the course of survey, the assessee company had purportedly deducted tax under S.194C and 194J and also remitted the same to the Government M/s. Navayuga Q

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