Tds
This query is : Resolved
03 January 2019
Sir
IN 194 J TDS LIMIT IS 30000
I RECIVED ONE INVOICE IN MAY'18 FOR 28000. ON WHICH I DID NOT DEDUCT TDS AS NO FURTHER BILL WAS EXPECTED DURING THE REMAINING YEAR
BUT DUE TO SOME REASON WE GO ANOTHER INVOICE FOR 5000. Now I will have to deduct TDS on 33000
but my query is whether i will have to interest on late deduction of tds on Rs. 28000 in this case
Kindly confirm
IN 194 J TDS LIMIT IS 30000
I RECIVED ONE INVOICE IN MAY'18 FOR 28000. ON WHICH I DID NOT DEDUCT TDS AS NO FURTHER BILL WAS EXPECTED DURING THE REMAINING YEAR
BUT DUE TO SOME REASON WE GO ANOTHER INVOICE FOR 5000. Now I will have to deduct TDS on 33000
but my query is whether i will have to interest on late deduction of tds on Rs. 28000 in this case
Kindly confirm
03 January 2019
No late deduction interest applicable in such a case. Choose appropriate flag while filling TDS return.
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