Dear sir,
We have received a bill of professional charge on dated 30th April 2025 for Rs 18000/ from ABC consultants. Now again we have received a bill from AbC consultants for Rs 13000/ on dated 10 Dec 2025 as professional charges.
Sir we have deducted tds rs 3100 on dated 10 dec u/s 194 j.
My query - is interest applicable on TDs for Rs 18000/ from 30th april 2025.
Kindly guide me.
Regards,
Motilal
Interest u/s 201(1A) is chargeable on the delayed TDS amount for the Rs.18,000 bill, calculated from the date TDS should have been deducted (30th Apirl 2025) till the actual deduction or payment date. The interest rate is 1% per month or part thereof.
You should either deduct TDS on the Rs.18,000 bill now and pay it with applicable interest or adjust the interest liability while filing your TDS returns.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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