deducted on whole of the amount i.e. 55000.calculation is 55000*10% =5500 Rs.(tds amount)
akshay nogriya
(no)
(43 Points)
Replied 27 October 2011
deducted on whole of the amount i.e. 55000.calculation is 55000*10% =5500 Rs.(tds amount)
Vitul Gupta
(Article)
(22 Points)
Replied 31 October 2011
TDS will apply on whole amount i.e. 55000/-
Hitesh Toshniwal
(Article Assistant)
(22 Points)
Replied 05 November 2011
Once the threshold limit is touched the assessee has to made the TDS on whole amount i.e. 55,000/-
ankit bhutani
(Chartered Accountant)
(193 Points)
Replied 07 November 2011
can any body explain the concept of REVERSAL OF INPUT TAX CREDIT in case of branch transfer....urgent....
thnks
Ankit Bhutani
CA Final
karan jit singh
(Consultant)
(1299 Points)
Replied 14 January 2012
0% TDS IF AMOUNT IS LESS OR EQUAL TO 30000/-.OTHERWISE IT IS 10%.
TDS ALWAYS APPLIED ON FULL AMOUNT THAT IS 55000/-...THATSY IT IS CALLED DEDUCTION AT SOURCE...
karan jit singh
(Consultant)
(1299 Points)
Replied 14 January 2012
ALTHOUGH IT IS ASSUMED THAT DEDUCTEE HAVE HIS PAN
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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