sec194c

This query is : Resolved 

02 July 2010 if pmt of jan feb bill is made collectively and amt exceed 20000 for contractor but bill amt is15000and 10000 whether tds should be deducted
and how intrest liablity is caLculated on delay of pmt of tax

02 July 2010 No deduction is required to made.

As per section 201(1A) : 1% p.m. for every month or part of the month on the amount of such tax from the date on which tax was deductiable to the date the tax was actually paid. The rate has been increased to 1.5% w.e.f. 01-07-2010

Regards

05 July 2010 No deduction is required to made

what does it mean


no deduction or deduction is required

05 July 2010 TDS is not to be deducted


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