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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Aayesha mulani

K.S. ANANTHARAJAN

Shailesh Prajapati

K.M. AGGARWAL

Kamaljeet Kaur

Subscribe Now

Interest on tds under section 194j

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

GST CONSULTANCY

GST CONSULTANT

Manager- Finance and Compliance

Senior Executive