01 May 2015
if you read the section, it says where the payment in the years are expected to be more than Rs 1.8 lakhs, TDS is to be deducted. It would mean tax should be deducted on the whole amount...
01 May 2015
Yes you can start deduction TDS from 1st month since the amount is expected to cross threshold limit of Rs 1.80 lacs. Deduct TDS @ 10% u/s 194I.
01 May 2015
Yes interest on late deduction of TDS will have to be paid as it was clear from the very beginning that threshold limit will be crossed but still TDS was not deducted.
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