Tds u/s 194c
This query is : Resolved
15 January 2014
we have hired an housekeeper for our company. and paying Rs. 6000/- pm. are we liable to deduct TDS u/s 491c
15 January 2014
No need to deduct TDS.
If the credit or the payment in pursuance of the contract does not exceed Rs.30,000/-, no deduction has to be made at source. However , if the aggregate of all amounts paid/credited or likely to be paid/credited exceeds Rs. 75,000/- then tax at source is to be deducted.
If the credit or the payment in pursuance of the contract does not exceed Rs.30,000/-, no deduction has to be made at source. However , if the aggregate of all amounts paid/credited or likely to be paid/credited exceeds Rs. 75,000/- then tax at source is to be deducted.
15 January 2014
dear Sir,
sorry i dint get you sir,
We paying 6k pm
per year it will be 72 k
so cutoff limit is 30k
still are we liable.
sorry i dint get you sir,
We paying 6k pm
per year it will be 72 k
so cutoff limit is 30k
still are we liable.
15 January 2014
threshold limit(75000) not exceeded and tds not required to deduct
15 January 2014
please explain why the tds is not applicable. and what is this threshold limit. because as per TDS chart there no limit of above amount
15 January 2014
One time payment should not exceed 30000 and total of yearly payment should not exceed 75000.
15 January 2014
One time payment should not exceed 30000 and total of yearly payment should not exceed 75000.
16 January 2014
Under the income tax act, for section 194C there are two limits prescribeb for any amount to be covered for the purpose of tax deduction. One is a one time payment and other is total amount during the year. One time payment limit is Rs. 30,000 , in cases where one time payment does not exceed the said limit and the total payment during the year to the same party does not exceed Rs. 75,000 then no TDS is required to be deducted.
Trust the above clarifies.
Trust the above clarifies.
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- PAYMENT NOT SEND IN 180 DAYS
- Long term Capital gains received on sale of Residential Plot of land 10 years after buying it
- RCM INVOICING FROM NOV-2024
- 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
- 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
Trending Online Classes
CAclubindia
