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Tds deduction on manpower service

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This query is : Resolved

somanath sutar (Querist)

08 March 2014 Hi everyone,

1 st invoice raised by manpower service:-26751 of dec month
2nd invoice raised:-39026 of jan month
3rd invoice raised:-19802 of feb month

My company didnot deduct tds on such contractor on 2 invoice which is above 30000. can i deduct on 3rd invoice which is below 30000.
what is the procedure of deducting of tds not yet deducting on jan month.

pls advice above this matter. can u give your mob no to discuss of my query on future.
its very urgent. pls..........

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

08 March 2014 1. You had to deduct TDS on the invoice of Rs. 39,026/-.

2. Moreover, since the total amount exceeds Rs. 75,000/- you have to deduct TDS on the TOTAL amount of Rs. 85,579/-.

3. Deduct TDS from the bill of Feb. You will have to pay interest for late deduction of TDS.

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