TDS to be deducted or not
This query is : Resolved
06 August 2008
I pay a transporter 17k in April wthout knowing if i will engage the services again in the current year. Yet again i engage him and pay 19k in July, yet again 18k in September.
Till September I have paid less than 50k so i have not deducted TDS. THen in September, knowing I'll exceed 50k payt to one transporter I have to deduct TDS.
How much should i deduct , is it for the whole 54K that i have paid? and when ?
Till September I have paid less than 50k so i have not deducted TDS. THen in September, knowing I'll exceed 50k payt to one transporter I have to deduct TDS.
How much should i deduct , is it for the whole 54K that i have paid? and when ?
06 August 2008
On whole of the amount 54 K at the time of exceed the limit of 50000.
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
- SEC 54 OF IT ACT
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- Amendment of September 2021 Invoice
- BLOCKED-INELIGIBLE GST CREDIT
- GST Annual Returns filing due date
- Payable outstanding for years disallowance
- TDS is applicable for purchase on veg and grocery?
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
