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Information regarding t.d.s deduction

This query is : Resolved 
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(Querist)
06 November 2013 RESPECTED SIR,

SIR I WANT TO WHEN TO DEDUCT T.D.S IF WE PAID COMMISSION OF RS 3000.00 ON 06.10.2013 WHICH IS BELOW EXEMPTION LIMIT BUT NOW IN NOVEMBER IT CROSSES RS. 5000 AS WE MADE A FURTHER COMMISSION PAYMENT OF RS. 4000?????

NOW WHETHER WE HAVE TO PAY INTEREST ON IT DUE TO LATE DEDUCTION @ 1 % P.M??????
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
10 November 2013 No need to pay late deduction interest for tds not deducted due to non crossing of threshold limit
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CA Gaurav Narang

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CA Gaurav Narang (Querist)
19 May 2014 thanks a lot sir.. but someone has advised my client to deduct the same.. Can you Please give any income tax rule reference??????
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Asha Kanta Sharmapro badge

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Asha Kanta Sharmapro badge (Expert)
01 August 2024 https://docs.google.com/document/d/1ZRBlYNAlIkFgvX3oeaUwiEJtR6fDFMLvUN9HgFO1PQA/edit?usp=sharing

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