Relating to tds deduction.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2014 Hi to all,
Please solve this doubt,
If Iam paying rent Rs14000 pm For Apr-sep. Later it was increased to 17000pm for Oct-march. Since I thought it won't cross 180000 i didn't deduct for Apr-Sep. From Oct how much i have to deduct and is any interest is charged for that and how i have to treat for Quarterly returns.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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02 August 2014 In October you need to deduct TDS on earlier payment amount as well. No interest required to be paid. In return show date of payment and credit for total amount in October only otherwise the demand for Interest will come since it is system calculated. You are required to deduct TDS only after threshold limit is crossed.

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