TDS Rate applicability
This query is : Resolved
17 June 2008
Dear Sir,
I have one query regarding the TDS rate,When actually we can determine when the tds rate will be applicable with surcharge and when without surcharge.When I referred TDS chart I seen that It is on the basis of Total Payment made to the party during the year,but my query is that whether that 1 Crore & 10 lakh limit is for Payment or for Income of the party? I mean to say If total payment exceeds Rs 1 crore in case of Company & Firm & 10 lacs in case of HUF then TDS rate with surcharge applicable or when the Income of Compay,Firm or HUF exceeds above limit?
Kindly resolve my query and reply asap
Thank you
I have one query regarding the TDS rate,When actually we can determine when the tds rate will be applicable with surcharge and when without surcharge.When I referred TDS chart I seen that It is on the basis of Total Payment made to the party during the year,but my query is that whether that 1 Crore & 10 lakh limit is for Payment or for Income of the party? I mean to say If total payment exceeds Rs 1 crore in case of Company & Firm & 10 lacs in case of HUF then TDS rate with surcharge applicable or when the Income of Compay,Firm or HUF exceeds above limit?
Kindly resolve my query and reply asap
Thank you
17 June 2008
dear jignesh,
If total payment exceeds Rs 1 crore in case of Company & Firm & 10 lacs in case of HUF then TDS rate with surcharge is applicable
If total payment exceeds Rs 1 crore in case of Company & Firm & 10 lacs in case of HUF then TDS rate with surcharge is applicable
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
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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 Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
