11 October 2014
I booked hotel bills (Stay Charges) but today it crossing 1,80,000. I'm going to deduct TDS from beginning but what is the effect of Interest on TDS? Shall I fill Interest also or without interest?
12 October 2014
Dear Rahul please refer section 194I. TDS is required to be deducted once threshold limit is crossed. So in the given case the question of interest do not arise since TDS is deducted on crossing threshold limit and same is being deposited within 7th of next month.
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