22 May 2024
Sir, TDS is to be deducted for freight paid exceeding Rs. 1.00 lac to any single party. If upto Dec.2023, paid only 80,000/-(all payments below 30,000/-) but in March,2024 paid 40,000/-. Whether TDS to be deducted on cumulative total of 1,20,000/- during 4th qtr. If yes, then what about late fine and Interest payable on previous payment ?
CAclubindia
