Easy Office
LCI Learning

tax on profession

This query is : Resolved 

20 October 2009 sir,
sir when to deduct tds on profession.when the first amount is below Rs.20000\- and we don't know fruther services is required or not,is it requied to deduct from the first amount.give me advice.with section also.

thanks and regards

shyam

20 October 2009 No need to deduct TDs up to 20000/= when next bill comes and annual amount crossed up to 50000/= TDs to be deduct at that time from april to till date amount.

20 October 2009 Hi,

Would like to draw your attention that Rs. 50,000 limit is for 194C and for 194J for both single and agreegate payment, limit is Rs. 20,000.

Otherwise agree with expert Singh.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries