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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
