Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2014 if in any particular month tds is not deducted say u/s 194J as the bill amount is not exceeding the limit of 30000. later on the same party has raised bill , at this time the amount is exceeding 30000.
my question is whether earlier bill's Tds can be paid now alongwith the tds against the current bill.if yes then will interest on tds will have to be paid against earlier bill?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 December 2014 For earlier bill's TDS can be deducted now if the total value of the bills exceed Rs 75,000. No need to pay interest for the earlier bill.

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2014 limit is 30000 rite???

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 December 2014 Yes it is 30,000......

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2014 75000 limit is for what ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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