Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2013
I Have made payment of Rs50000 as a contract payment on 1.4.2012 then paid RS80000 to same person on 10.11.2012 and limit of Rs.70000 increased .Now i have to make tds and pay into department. My querry is that whether i have to pay interest on late payment of tds on Rs 50000.?
16 April 2013
No need to pay interest.
16 April 2013
tds on contractor limit is 30000 as on 01-04-2012. you paid 50000 to contractor. you should deduct tds. now you have to pay interest april to march onwards
17 April 2013
yes. rs500000 is single bill, interest has to pay.
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