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Tds cutoff amount

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2012 Request you to clarify on TDS :-

Want to Know as how TDS has to be Deducted for 194H.(Cut off Amt Rs 5000/-)

I Have 3 transaction in a Year :

1st ----For Rs1300/-
2nd----For Rs1100/-
3rd---For Rs 2800/-

I understand that we need to deduct 10% on 2800/- as for this transaction only as it exceeds 5000 at this point.

Confirm me if i am correct.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
31 July 2012 TDS need to be deducted on total of Rs 5200/- @10%.
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CA Amit Jaiswal

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CA Amit Jaiswal (Expert)
31 July 2012 If you have paid all the commission to one single party, then TDS will be deductible on whole amount i.e. Rs.5,200/-
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CA Amit Jaiswal

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CA Amit Jaiswal (Expert)
31 July 2012 TDS is deductible on the whole amt if the total amt paid during the year exceeds the threshold limit.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
31 July 2012 agree with experts

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