Tax Deduction at Source
This query is : Resolved
08 April 2008
What is the minimum amount of payment for which the TDS has not been deducted In case of contractor, Professional & Broker.
08 April 2008
Hi Pankaj,
The minimum amount of payment beyond which TDS has to be deducted are as under:
(a) Contractor (194C): Single payment beyond Rs.20000/- or total payment exceeding Rs.50000/- during the year.
(b) Professional (194J): Rs.20000/-
(c) Broker (u/s 194H): Rs.2500/-
Rgds/
Vineet
The minimum amount of payment beyond which TDS has to be deducted are as under:
(a) Contractor (194C): Single payment beyond Rs.20000/- or total payment exceeding Rs.50000/- during the year.
(b) Professional (194J): Rs.20000/-
(c) Broker (u/s 194H): Rs.2500/-
Rgds/
Vineet
08 April 2008
Mr. Vineet is 100% right.
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