Tds

This query is : Resolved

N D B (Querist)
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07 September 2015 Hello Experts ,

TDS u/s- 194c should be deductible when the aggregate amt exceeds 75000/- and single payment exceeds 30000/-.

1) 1 trabsaction in april 14 : 21000/-
2) 2 transaction in feb 15 : 55000/-

Date of depositing the TDS : 21 Aug 15

In above case, at the time of depositing the tds interest on late payment shall be calculated from when ? from feb 2015 as in that month the aggregate amt is exceeding the limit ?
or
for 1st transaction : from Apr 14
for 2nd transaction : from feb 15
till aug 15 ?

Kindly mention the section no for my reference ?