Interest on tds
This query is : Resolved
19 September 2011
We have paid 18000/- to Mr. X u/s 194J without deducting TDS in June,2011 (FY 2011-12).TDS is not deducted as amount was less then 20000/-. Now in August,2011 again we took a service from Mr. X and paid 15000/- after deducting TDS on ful amount of 33000/- [18000 earlier + 15000/- now.
Should we have to pay interest on TDS deducted on 18000/-?
Should we have to pay interest on TDS deducted on 18000/-?
19 September 2011
No, As per provisions of Ch.XVIIB you are not in default & do not require to pay interest, if you have deposited the TDS before 07/09/2011. As liability to deduct the TDS arose in the month of August 2011.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- FEMA regulation Act. for inward remitance
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
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
