Tds on late payment charges to party
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2012
Sir,
I would like to know that shall I deduct TDS on payment of late payment charges against purchase bills, if yes what is the rate.
I would like to know that shall I deduct TDS on payment of late payment charges against purchase bills, if yes what is the rate.
29 November 2012
No, I don't think so.
TDS would be not applicable on that.
TDS would be not applicable on that.
11 August 2023
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