Section 194j
This query is : Resolved
01 February 2013
From 1-4-2012 to 31-1-2013 we pay a sum of Rs 30,000 to a professional and no TDS deducted because limit is net cross. but on 1-2-2013 we made payment of Rs. 40,000 after deduction of TDS Rs.7000 {on (30000+40000)*10%}
My question is interest of 1% is levy on 30000
My question is interest of 1% is levy on 30000
19 August 2013
Need to deduct on Rs.70000 (30000+40000)
No interest levy on Rs.30000
No interest levy on Rs.30000
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