TDS
This query is : Resolved
04 April 2010
Sir,
Kindly reply the meaning of threshold limit in TDS
Kindly reply the meaning of threshold limit in TDS
04 April 2010
THRESHOLD LIMIT OF TDS MEANS THE MONETARY LIMIT BEYOND WHICH TDS NEED TO BE DEDUCTED.
FOR EXAMPLE:--
U/S 194C THRESHOLD LIMIT FOR SINGLE PAYMENT IS RS.20000/-(RS.30000/- W.E.F. 01.07.2010). IT MEANS IF SINGLE PAYMENT UPTO RS.20000/- IS MADE TDS IS NOT REQUIRED TO BE DEDUCTED. BUT IF THE AMOUNT EXCEEDS RS.20000/- TDS NEEDS TO BE DEDUCTED.
FOR EXAMPLE:--
U/S 194C THRESHOLD LIMIT FOR SINGLE PAYMENT IS RS.20000/-(RS.30000/- W.E.F. 01.07.2010). IT MEANS IF SINGLE PAYMENT UPTO RS.20000/- IS MADE TDS IS NOT REQUIRED TO BE DEDUCTED. BUT IF THE AMOUNT EXCEEDS RS.20000/- TDS NEEDS TO BE DEDUCTED.
04 April 2010
agreed
05 April 2010
agree with expert
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
