TDS query!!

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 September 2010 one of the company pays commission upto rs 5000 without deduction of TDS as below limit ,Now it pays Rs 1000 further if it requires to deduct TDS on whole amount Rs 6000 or Rs 1,0000
Profile Image

Sheetal Metha

Profile Image

Sheetal Metha (Expert)
12 September 2010 As per Sec 194- H TDS is to be decuted at the time of credit or payment, whichever is earlier, when aggregate sums credited/paid during the financial year exceeds Rs.5000/-

i.e. Company has to deduct the TDS on Rs. 6000/-.
Profile Image

CMA. Subhash Kumar Jha

Profile Image

CMA. Subhash Kumar Jha (Expert)
13 September 2010 TDS will have to be deducted on the whole amount of rs. 6000/-
Upgrade to CAclubindia Pro. Subscribe Now!

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 September 2010 what in case now Rs 100 is paid as in that case there will be required to deduct Rs 510 (10%)but amt available for payment Rs 100
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
19 September 2010 Need to be recovered Rs.410 from the party

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links