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Igave a cheque of Rs 25000/- to a Professional. Do I deduct TDS on Rs 25000/, then after three months I further pay the same Professional Rs 40000/-.Have I to pay Tds on 25000 Or Rs 65000/- or only Rs 40000/-,Have I to pay interest on delayed payment for Rs 25000/-?
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Answer Posted / kishan maurya
you deduct the tds on Rs.65000/- three is no need to pay
intrest amount on Rs.25000/-
10% on Professional
65000 *10%= 6500
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