I have made following payment for Stationary Printing work for Jobwork. But I did not deduct any amount of TDS till the date.
| Sr.no | Party Name | Date of Payment | work | Amt |
| 1 | ABC | 25/7/12 | 18750 | |
| 2 | '' | 25/7/12 | 19250 | |
| 3 | " | 25/7/12 | 10500 | |
| 4 | " | 24/9/12 | 6000 | |
| 5 | " | 7/11/12 | 8320 | |
| 6 | " | 7/11/12 | 900 | |
| 7 | " | 7/11/12 | 1200 | |
| 8 | " | 7/11/12 | 1200 | |
| 9 | " | 11/09/2012 | 7300 | |
| 10 | " | 18/2/13 | 3494 | |
| 11 | " | 18/2/13 | 20300 | |
| 12 | " | 18/2/13 | 10200 | |
| 13 | " | 25/3/13 | 3360 | |
| 14 | " | 28/3/13 | 6000 | |
| 15 | " | 31/3/13 | 2400 | |
| Total Amount | 119174 |
As per the above details, Limit of Rs. 75000 crossed in February i.e. 10th Payment.
I wish to know that Interest for default would be payable from very first payment or from February?
I have neither deducted nor deposited TDS yet, as I just come to know that limit was crossed.
Kindly guid me as early as possible.
CAclubindia
