Information regarding t.d.s deduction
This query is : Resolved
CA Gaurav Narang
(Querist)
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??????
CMA Ramesh Krishnan
(Expert)
10 November 2013
No need to pay late deduction interest for tds not deducted due to non crossing of threshold limit
CA Gaurav Narang
(Querist)
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Movement of goods by packers and movers - type of sale - Reg.
- Wrong CMPo8 file
- GST on reimbursement of expenses
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
