Information regarding t.d.s deduction
This query is : Resolved
06 November 2013
RESPECTED SIR,
SIR I WANT TO WHEN TO DEDUCT T.D.S IF WE PAID COMMISSION OF RS 3000.00 ON 06.10.2013 WHICH IS BELOW EXEMPTION LIMIT BUT NOW IN NOVEMBER IT CROSSES RS. 5000 AS WE MADE A FURTHER COMMISSION PAYMENT OF RS. 4000?????
NOW WHETHER WE HAVE TO PAY INTEREST ON IT DUE TO LATE DEDUCTION @ 1 % P.M??????
SIR I WANT TO WHEN TO DEDUCT T.D.S IF WE PAID COMMISSION OF RS 3000.00 ON 06.10.2013 WHICH IS BELOW EXEMPTION LIMIT BUT NOW IN NOVEMBER IT CROSSES RS. 5000 AS WE MADE A FURTHER COMMISSION PAYMENT OF RS. 4000?????
NOW WHETHER WE HAVE TO PAY INTEREST ON IT DUE TO LATE DEDUCTION @ 1 % P.M??????
10 November 2013
No need to pay late deduction interest for tds not deducted due to non crossing of threshold limit
19 May 2014
thanks a lot sir.. but someone has advised my client to deduct the same.. Can you Please give any income tax rule reference??????
01 August 2024
https://docs.google.com/document/d/1ZRBlYNAlIkFgvX3oeaUwiEJtR6fDFMLvUN9HgFO1PQA/edit?usp=sharing
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