Interest on tds under section 194j
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2012
Sir,
I have made a payment to a consultant on 01/07/2012 amounting to Rs. 25,000. At that time as the transaction is below Rs. 30,000, so i have not deducted TDS under section 194J. Now, i am making another payment of Rs. 55,000 to same consultant and deduct TDs on the whole amount of Rs 80,000.
My query is that whether interest is also required to paid for late deduction of TDS for Rs. 25,000.
Regards,
barun Maskara
I have made a payment to a consultant on 01/07/2012 amounting to Rs. 25,000. At that time as the transaction is below Rs. 30,000, so i have not deducted TDS under section 194J. Now, i am making another payment of Rs. 55,000 to same consultant and deduct TDs on the whole amount of Rs 80,000.
My query is that whether interest is also required to paid for late deduction of TDS for Rs. 25,000.
Regards,
barun Maskara
30 November 2012
No interest will be levied since at that time total payment was within the limit of Section 194J.
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
- Transport service POS
- Distinct person & regular person POS
- To Whom the Invoice should be Raise to
- E INVOICE, E-WAY, INVOICE
- INCOME TAX NOTICE QUESTION
- Regarding claiming exemption under section 54ec
- E stamp paper purchase
- Clarification on Inventory
- Capital gain on sale of resident house by non-resident Indian
- Whether to file ITC 03 for downward GST rate revision - Reg.
- GSTR 9- Annual Return for 2024-25
- Input Tax Credit Treatment For Hotel Service Provider.
- Income tax on withdrawal of PF
- HIGHER TDS DEDUCTION ON SALARIED EMPLOYEE IN CASE OF INOPERATIVE PAN
- Query ON belated tds deduction
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
