TDS u/s 194a
This query is : Open
Anish Jain
(Querist)
16 February 2017
what if an individual, not falling under income tax audit, inadvertently deducts and pays tds while making payment of interest to unsecured creditors?? Is he required to deduct the tds in subsequent years also??
CA R SEETHARAMAN
(Expert)
16 February 2017
Not required to deduct TDS in the subsequent years.
Anish Jain
(Querist)
16 February 2017
Will there be any legal consequence?
CA R SEETHARAMAN
(Expert)
16 February 2017
No consequences...............
Anish Jain
(Querist)
16 February 2017
Thank you Sir
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