Tds 194j,limit exceeded on last month(due date of deduction)

TDS of Rs 450 can be deducted from the last payment ( 20,000) & can be paid as march liability & it will not make the company as assessee in default.

In this case company has paid all payments to parties.

I,e March Amount is also settled without tax deduction of previous transaction.

1.Is company liable to deduct tds on transactions where limit has not exceeded.

(in this case whether company liable to deduct tds on last transaction(Where 30k limit is exceeded in an year) only Or on all)

2.Is company liablr deduct tds retrospectively when transaction limit has exceeded the taxable limit in an year.