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Tds

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(Querist)
04 April 2011 Please let meknow about interest on late payment of tds; as example:

we have a electrical contractor who submitted his bill amounting Rs. 10000/- 5000/- 2000/- etc in different amounts and bill submission is when & then and we have remited payments on geting of bills
now i come to know at the end of march'11 the billed amount crossed to Rs. 75000/-
so i have to deduct tds
how i deposit tds with interest ? please help

thanks in advance
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Ghanshyam T Jha

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Ghanshyam T Jha (Expert)
04 April 2011 No question of Interest to pay if threshold limite (Rs. 75,000/-) crossed in the month of March'11. Pay only TDS amount.
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