Tds

This query is : Resolved

deepika dhakad (Querist)
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14 July 2014 A Company has received 2 bills of repairing from same party for Rs. 7000/- each in month of April & May so TDS not deducted as no limit cross for U/s 94C. But in June received repairing bill for Rs. 75000/- from that party so Now TDS has been attracted u/s 94 C as limit of deduction has crossed. Now company has deducted & deposited TDS of Rs. 1780/- on 89000/- (7000+7000+75000) in July.

whether this payment will attract interest liability on delay payment of TDS on Rs. 7000/- for April & TDS on Rs. 7000/- for May as TDS for April & May have deposited in July when amount limit crossed in June. Plz suggest........