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Int on tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 March 2013 Hello Sir/Madam.

On 1 May 2012, xyz Pvt Ltd taken consultancy services u/s 194j for Rs. 20000/ frm AB& Co and it was sure that amount will not increase beyond 30000 i.e Threshold limit. But on 1 july 2012 one more bill of Rs. 15000 raised by same consultancy firm AB & Co. Now

Int on non deduction of tax on 20000 is subject to interest or not ?

Thanks in Advance.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
22 August 2013 Incase tds not deducted due to threshold limit, then interest is not apply

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