Int on tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2013
Hello Sir/Madam.
On 1 May 2012, xyz Pvt Ltd taken consultancy services u/s 194j for Rs. 20000/ frm AB& Co and it was sure that amount will not increase beyond 30000 i.e Threshold limit. But on 1 july 2012 one more bill of Rs. 15000 raised by same consultancy firm AB & Co. Now
Int on non deduction of tax on 20000 is subject to interest or not ?
Thanks in Advance.
On 1 May 2012, xyz Pvt Ltd taken consultancy services u/s 194j for Rs. 20000/ frm AB& Co and it was sure that amount will not increase beyond 30000 i.e Threshold limit. But on 1 july 2012 one more bill of Rs. 15000 raised by same consultancy firm AB & Co. Now
Int on non deduction of tax on 20000 is subject to interest or not ?
Thanks in Advance.
22 August 2013
Incase tds not deducted due to threshold limit, then interest is not apply
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