Tds

This query is : Resolved 

05 August 2015 Sir, partnership firm commenced on 1/4/2015 Rent 30000 pm annual rent exceeds 180000 which means tds is required to be deducted. my query is if has assessee has no knowledge of this and he didn't deducted tds till August (till aug rent not exceed 180000) and has no tan no. also ,since it is newly commenced. can assesse deduct tds for previous 5 months in September in deposit the same. Is he liable to pay int. ? urgent

05 August 2015 yes intrest is applicable and even he needs to file tds return for same.

Ignorance of law is not an excuess as per sc judgement



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