17 April 2015
All dear sir , if any party deducting tds of 2% in services provided by us as a cab service . Then i want to know after which amount they shall deduct tds ?
19 April 2015
Question asked over here is for threshold limit.
They should deduct TDS if threshold limit u/s 194C is crosed.
Threshold limit:
Single Bill Rs 30000/- Annual Total Rs 75000/- p.a.
So if your Single bill is more than Rs 30000/- then TDS should be deducted or if the Annual Total of all bills is more then Rs 75000/- then TDS is to be deducted. TDS to be deducted on total amount is threshold limit is crossed.
CAclubindia
