194j Professinal Fee(Interest)
This query is : Resolved
29 December 2010
As per the act the threshold limit is Rs.30000/-
i booked a invoice on 1.6.10 Rs.15,000/- (No tds deducted )
2nd invoice booked on 8.10.10 Rs.18,000/-
here i deducted tds to the total amounts of Rs.33,000/-
qn. 1. if interest on tds is applicable on 15,000/- which was accounted on 1.6.10 on accounted of delay payment
thanks
i booked a invoice on 1.6.10 Rs.15,000/- (No tds deducted )
2nd invoice booked on 8.10.10 Rs.18,000/-
here i deducted tds to the total amounts of Rs.33,000/-
qn. 1. if interest on tds is applicable on 15,000/- which was accounted on 1.6.10 on accounted of delay payment
thanks
29 December 2010
yes interest applicable as there is delay in deduction of TDS.
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