TDS rate for Firm & Company
This query is : Resolved
Guest
Guest
(Querist)
22 October 2008
TDS rates when the deductee is Firm or Company:
TDS provisions tell that the rate of TDS inclusive of surcharge shall be applicable when the payment or credit exceeds Rs. 1.00 Crore during the F.Y.?
Now whether the payment or credit as said above shall be the payment or credit from the payer(we are) only or the total(global) receipt of the deductee...
Which shall be considered for Tds purpose?
Thanks & Regards
CA Rohit
TDS provisions tell that the rate of TDS inclusive of surcharge shall be applicable when the payment or credit exceeds Rs. 1.00 Crore during the F.Y.?
Now whether the payment or credit as said above shall be the payment or credit from the payer(we are) only or the total(global) receipt of the deductee...
Which shall be considered for Tds purpose?
Thanks & Regards
CA Rohit
22 October 2008
If the payment from you exceeds. No need to consider global receipt.
22 October 2008
Payment or credit from the payer is only to be used as the criteria fo reckoning the limit of Rs.1 crore
22 October 2008
Surcharge is applicable only if gross payment by you/party exceeds Rs. 1 crore.
This amendment has come into effect from 1st April, 2008.
This amendment has come into effect from 1st April, 2008.
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- 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
Trending Online Classes
CAclubindia
