Tds - interest

This query is : Resolved 

05 March 2013 Hi Friends,

We got query regarding interest applicable for TDS once value crossed over aggregate value of 75,000 for contract...

one vendor's for our concern has been issuing billing towards respective service , at present his invoice accumulation value were crossed over 75,000/- , whether we have to pay TDS along with interest for previous bills. or without interest...

please clarify

05 March 2013 I replied this before in separate query

https://www.caclubindia.com/experts/tds-on-aggregae-value-194c-1246634.asp#.UTWkXzfHdyU

if you are not satisfied with that then you can wait other expert to answer on that
why query again & again.
i am leaving this query opened so other can reply

05 March 2013 I replied this before in separate query

https://www.caclubindia.com/experts/tds-on-aggregae-value-194c-1246634.asp#.UTWkXzfHdyU

if you are not satisfied with that then you can wait other expert to answer on that
why query again & again.
i am leaving this query opened so other can reply


05 March 2013 When different bills value exceeds Rs.75000 that time you should deduct TDS on total amount and you need not pay interest for the same.

05 March 2013 TDS to be deducted on Total amount. 75000/- is threshold limit and not exemption limit.



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