Tds on purchase of wood material

vinayak c. chavan (CPT passed) (1011 Points)

10 December 2013  

We are Pvt ltd co in Mumbai. We are having some renovation work in our office. for that we have purchased wood material and made payment as follows:

24.10.2013 - 125074/- paid to supplier by cheque

18.11.2013 - 38023 /- paid to supplier by cheque

and I have received one more invoice of Rs.53426/-

So Should I have deduct TDS on above transaction. If I deduct TDS now then there will be late payment fees. How can I avoid late payment fees?