23 April 2008
who is deduct tax is important if an assesse is an individul and total sales/gross rcp. is less than 40/10 lakhs then tds provision is not applicable and there is certaine limit not to deduct tax interest 194A 10% int is grater than 2500 contractor 194C 2% if single payments is greater than 20000/ or total rs.50000/-or more.194H commission rs.2500/ or more tds is 10% 194I rent payment in excess of 120000/-in the year so on
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