Tds applicability on delay payment charges
This query is : Resolved
14 October 2014
Dear Experts,
Please advice we are paid Delay payment charges to our creditor/ vendor for delay payment to their outstanding. Whether TDS attract to this transaction.
Regd,
Please advice we are paid Delay payment charges to our creditor/ vendor for delay payment to their outstanding. Whether TDS attract to this transaction.
Regd,
14 October 2014
If payment is explicitly made towards late payment charges then TDS is not applicable the same.
Thanks
Thanks
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