31 August 2009
i have not deducted tax from consultancy fees. At the end of the year amt. exceed Rs. 200000. i want to know whether i pay TDS with interest from the date when amt. exceed rs. 20000 or from the begining of transactions.
31 August 2009
You need to deduct the tds from beginning. The limit is for full year & when it cross 20K then tds on entire consultancy will be deducted.
31 August 2009
pls. specify the firm is individual or partnership or company. If individual and not 44AB firm then not require otherwise expenses disallowed.
CAclubindia
