Dear Sir/Madam,
I am Ghanshyam. I am in a confusion in case of Deduction & Payment of TDS along with Interest.
The company in which I am an Accountant named Retailworx India Pvt Ltd had issued a PO of Rs.674160 for some Designing work to Axiom Consulting Pvt Ltd. Retailworx had made an advance payment of Rs.180000 on 24th April2013 for this purpose. It received an Invoice from Axiom for Rs.471912 on 2nd July2013. Retailworx further made a payment of Rs.200000 on 5th July2013 & balance of Rs.91912 was cleared on 13th July2013. The company had not deducted TDS on Professional in this case as company's TAN Registration was still in progress. Now as I have been appointed as Accountant. I m a bit Confused on the Payment of TDS & it's Interest. I m going to make this payment on 6th of September2013 i.e., Today by evening when I get help from you. Please Help Me........
CAclubindia
