TDS DEDUCTION
This query is : Resolved
28 June 2010
DEAR EXPERTS HELOO,
I WOULK LIKE TO ASK,IN TDS CONTRACTORS THRESHHOLD IS 20000(50000) IN A YEAR.
BUT IN THE BEGINING THEY ARE IN UNDER THRESHHOLD LIMIT SO WE DID NOT DEDUCT TDS .
BUT IN CASE THEY CROSS THE THRESHHOLD LIMIT.
WILL TDS BE DEDUCT ON WHOLE AMT OR EXCESS AMT?
KINDLY CLEAR IT.
WITH BEST REGARDS
VIKRAM SINGH TAWER
I WOULK LIKE TO ASK,IN TDS CONTRACTORS THRESHHOLD IS 20000(50000) IN A YEAR.
BUT IN THE BEGINING THEY ARE IN UNDER THRESHHOLD LIMIT SO WE DID NOT DEDUCT TDS .
BUT IN CASE THEY CROSS THE THRESHHOLD LIMIT.
WILL TDS BE DEDUCT ON WHOLE AMT OR EXCESS AMT?
KINDLY CLEAR IT.
WITH BEST REGARDS
VIKRAM SINGH TAWER
28 June 2010
Whole amount
28 June 2010
Yes, TDS will be deducted on whole amount
28 June 2010
Agreed with experts.
Rs. 20000/- limit is for single bill, as soon as one bill is Rs.20000/- then TDS is to be deducted .
TDS will be whole amount, not last one when threshold limit cross.
Rs. 20000/- limit is for single bill, as soon as one bill is Rs.20000/- then TDS is to be deducted .
TDS will be whole amount, not last one when threshold limit cross.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- 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
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- PAYMENT NOT SEND IN 180 DAYS
- 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
