interest on late payment of TDS u/s 194q - calculated from date of purchase or payment? For example purchase booked in April and payment made in May. Someone claimed that there is an explanation from department that same should be calculated from the date of payment but I couldn't find and not convinced too
Menu
Interest on late payment of TDS u/s 194q - calculated from date of purchase or payment?
Replies (2)
Should be calculated from the date of purchase. Please go though department clarification on 194-Q also.
https://incometaxindia.gov.in/communications/circular/circular_13_2021.pdf
Yes, I agreed to Mr Aejaz.
@ Mr Rakesh Mishra,
TDS to be deduct on date of Purchase or Date of Payment which is earlier...
@ Mr Rakesh Mishra,
TDS to be deduct on date of Purchase or Date of Payment which is earlier...
Recent Threads
- Regarding Conveyance allowance
- HRA from one employer but not from the other
- Grandparents gifts Rs.5 lakhs to a grandchild - Wh
- AY2025-26 ITR-3 has been added now to the Common O
- Request for Advice on Housing Loan Tax Benefit Eli
- Contest Time barred ADT-02
- Form 26QB error, how to claim refund
- Turnover limit for goods & service
- Conversion of old B2Cs invoices to B2B
- Tax implications on brokerage
Related Threads
CAclubindia
