Deduction of TDS
This query is : Resolved
24 January 2008
Can we deduct TDS from first bill of the
party is their any limitations or slab for deducting TDS, reply soon , thank you.
party is their any limitations or slab for deducting TDS, reply soon , thank you.
25 January 2008
you can deduct TDS from the first bill of the party, if you are satisfied that payments to them will be beyond 'no liability to TDS'limit. The limits, rates and conditions vary depending upon the nature of payment.
25 January 2008
YES FROM FIRST BILL YOU MAY DEDUCT TDS.
EVEN IF YOU PAY ADVANCE TO A CONTRACTOR ,TDS IS LIABLE TO BE DEDUCTED.
NO SLAB SYSTEM FOR TDS .
R.V.RAO
EVEN IF YOU PAY ADVANCE TO A CONTRACTOR ,TDS IS LIABLE TO BE DEDUCTED.
NO SLAB SYSTEM FOR TDS .
R.V.RAO
25 January 2008
If the liability for TDS exists you can deduct.
25 January 2008
TDS will be deducted from the first bill onwards or from the payment of advance without any slab rates.If you are satisfied that the amount is not exceeded the certain prescribed limit there is no need to deduct TDS.
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 Aadhar PAN linking required for opening bank account?
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- 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
