dear expert,
i received a two bills from vendor which is under service charges for rental fan hiring for our office
first bill 24000 March 2023
second bill 34000 March 2023
Iam not deducted tds
now my query is what is the solution to deduct tds now
You can pay TDS after the due date, however penalty of Rs 200 per day as per Section 234E needs to be paid. The deductor is liable to pay the penalty for every day during which the failure continues. However, the amount of late fees cannot exceed the TDS.
CAclubindia
