Tds
This query is : Resolved
03 March 2014
Also i was interested to know, u/s 194 J do we require to make a estimation at the start of the year about whether the limit of 30000 will be crossed or not? and if we do not make such estimate and at a later stage if it crosses than will we be held liable for interest on TDS?
03 March 2014
Yes you need too make an estimate whether the total amount will exceed the specified limit.
If you have a contract which mentions the annual amount, then you CANNOT escape TDS liability.
However, if there is NO contract and the bills are NOT regular, then you can take a stand.
If you have a contract which mentions the annual amount, then you CANNOT escape TDS liability.
However, if there is NO contract and the bills are NOT regular, then you can take a stand.
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03 March 2014
You are welcome. You should use the thanks button to convey your thanks.
03 March 2014
I did it. May i have your mail Id in case of future queries?
03 March 2014
My mail id is sidcoolguy007@gmail.com
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