Applicability of interest on TDS
This query is : Open
27 June 2025
Sir,
I am purchasing from a supplier applicable for TDS under section 194Q on interstate purchases. I have got an invoice dated 31-05-2025 on 5th June 2025. The said invoice was booked and TDS collection was accounted during the month of June 2025 and paying without deduction of TDS. Whether this treatment was correct or may I liable to interest on the said transactions.
I am purchasing from a supplier applicable for TDS under section 194Q on interstate purchases. I have got an invoice dated 31-05-2025 on 5th June 2025. The said invoice was booked and TDS collection was accounted during the month of June 2025 and paying without deduction of TDS. Whether this treatment was correct or may I liable to interest on the said transactions.
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