Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2014 I have not deducted tds on payment to contractor because sum not exceeded 75000 during part of year but later on exceeded 75000.

will interest on late payment of tds be attracted or not?

Sandeep Dharar

Sandeep Dharar (Expert)
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20 May 2014 Yes interest on late payment will b attracted.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2014 if we mention reason for non deduction in tds return as not crossing limit then?

Sandeep Dharar

Sandeep Dharar (Expert)
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20 May 2014 Till now interest will b charged. No rescue.

Sandeep Dharar

Sandeep Dharar (Expert)
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20 May 2014 Convey ur thanks by hitting the thanks button.

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