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Tax Deduction at Source

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(Querist)
08 April 2008 What is the minimum amount of payment for which the TDS has not been deducted In case of contractor, Professional & Broker.
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CA. Vineet Grover

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CA. Vineet Grover (Expert)
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
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R.V.RAO

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R.V.RAO (Expert)
08 April 2008 YES I AGREE WITH SRI VINEET.
R.V.RAO
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Amit Sharma

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Amit Sharma (Expert)
08 April 2008 Mr. Vineet is 100% right.

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