Tds 194j,limit exceeded on last month(due date of deduction)

Jyothis (Article) (1127 Points)

26 April 2016  

Outside Test charges to a Lab during FY 2015-16 is as follows.

Oct-2500 (tds not deducted)

Nov-500 (Tds not deducted)

Dec-1500(Tds not deducted)

Jan-15000(Tds deducted @ 10% without considering previous transactions)

Mar-20,000 (Tds deducted @ 10% without considering previous transactions )

Company has not deducted tds on 1st 3 transactions amounting to Rs.4500/-& all payments are given to party.Is there any remedy available to company since tds deduction is mandatory only when 30k is exceeded i.e only in March Tds deduction is mandatory.