TDS
This query is : Resolved
KRUTIKASHAH
(Querist)
03 December 2019
Hello,
We have Hotel Charges, till now amounting to Rs. 2,00,000/-, from one Service Provider only.
As the Charges will be crossing Rs. 2,40,000/- till the year end.
Shall I Deduct TDS on the complete amount of Hotel Charges???
If Yes, Is Interest is required to be paid on the amount on which the TDS is not deducted??
We have Hotel Charges, till now amounting to Rs. 2,00,000/-, from one Service Provider only.
As the Charges will be crossing Rs. 2,40,000/- till the year end.
Shall I Deduct TDS on the complete amount of Hotel Charges???
If Yes, Is Interest is required to be paid on the amount on which the TDS is not deducted??
CA R SEETHARAMAN
(Expert)
03 December 2019
Yes deduct TDS on complete amount. Interest not applicable as limit exceeded now only.
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