TDS
This query is : Resolved
03 August 2009
if no TDS u/s 194C deduted on Making payment more than 20000/- to contractor, it will fully dis-allowed or not
03 August 2009
Single payment is not the criterion, Contract value is the criterion.
If the contract value does not exceed 20K and / or the sum of value of contract does not exceed 50K, the amount paid upto 20,000 will be allowed.
If the contract value does not exceed 20K and / or the sum of value of contract does not exceed 50K, the amount paid upto 20,000 will be allowed.
03 August 2009
If Single bill amount is more than 20K or annual transactions with the contractor are more than 50k then u should deduct TDS u/s 194c. if Rs.20K is payment of more than one Invoice then you need not to deduct TDS.
If as per above conditions you are liable to deduct TDS and not deducted same, then such expenses will be fully desallowd for the F.Y. and it will be allowd in the year inwhich u will deduct TDS and paid to the department.
If as per above conditions you are liable to deduct TDS and not deducted same, then such expenses will be fully desallowd for the F.Y. and it will be allowd in the year inwhich u will deduct TDS and paid to the department.
03 August 2009
Mr. Gokul is right.
04 August 2009
agree with Gokul
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 this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
