TDS if Amont >50000
This query is : Resolved
07 June 2010
How much tds is to be deducted in this case, Bill date 5/5/09...19000, 7/5/09...19000, 15/6...1000, 23/8...5000, 12/10...8000. In this amount is always less than 20,000 but in cumulative it exceeds 50,000. how much tds i should dedcut in this case & on which amount.tds rate=1%
07 June 2010
DEDUCT TDS ON 12/10 ON RS.52000/- U/S 194C
RATE:-
1% INDIVIDUAL/ HUF
2% OTHERS
RATE:-
1% INDIVIDUAL/ HUF
2% OTHERS
07 June 2010
AGREED, TDS DEDUCTED ON TOTAL AMOUNT AS SOON AS IT IS EXCEED RS.50000/-
07 June 2010
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