regarding TDS
This query is : Resolved
27 December 2010
DEAR SIR,
SUPPOSE TDS ON SUB-CONTRACTOR NOT DEDUCTED EARLIER BECAUSE LIMIT NOT CROSSED AGGREGATE OF RS70000/- BUT NOW IT CROSSES THE LIMIT THEN TDS WILL BE APPLICABLE ON WHOLE. IS INTEREST ALSO APPICABLE FOR TDS NOT DEDUCTED EARLIER.
PL. CLERIFY WITH SECTION.
SUPPOSE TDS ON SUB-CONTRACTOR NOT DEDUCTED EARLIER BECAUSE LIMIT NOT CROSSED AGGREGATE OF RS70000/- BUT NOW IT CROSSES THE LIMIT THEN TDS WILL BE APPLICABLE ON WHOLE. IS INTEREST ALSO APPICABLE FOR TDS NOT DEDUCTED EARLIER.
PL. CLERIFY WITH SECTION.
27 December 2010
TDS will be applicable on Whole amount.
TDS need to be deducted on day on which the threshold limit is crossed and to be deposited by 7th of Next month. If deposited by 7th of next month no interest payable otherwise interest will be levied @ 1.5% p.m. or part thereoff.
TDS need to be deducted on day on which the threshold limit is crossed and to be deposited by 7th of Next month. If deposited by 7th of next month no interest payable otherwise interest will be levied @ 1.5% p.m. or part thereoff.
Message likes :
1 times
27 December 2010
Agree with sanjay
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
