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Interest liability on tds

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(Querist)
19 March 2013 Dear Sir,

Tds not deducted when total payment was below thresh hold limit but after wards total payment goes beyond thresh hold limit of tds deduction.

Now whether Interest is required to be deposited on tds not dedcuted on earlier payment.

Thanks,

Gorav Goyal
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
19 March 2013 No,
you are following TDS rules
so when total payment is less than limit then no TDS liability
when it exceed you deducted TDS on full amount. So no interest on that
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
20 March 2013 Yes, No Interest on That.
But Payment date should not go beyond the due date.
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Gorav Kumar Goyal

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Gorav Kumar Goyal (Querist)
22 March 2013 Thanks for reply.

Yes No interest will be applicable.

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