194j query

deducted on whole of the amount i.e. 55000.calculation is 55000*10% =5500 Rs.(tds amount)

on whole amount

TDS will apply on whole amount i.e. 55000/-

Once the threshold limit is touched the assessee has to made the TDS on whole amount i.e. 55,000/-

can any body explain the concept of REVERSAL OF INPUT TAX CREDIT in case of branch transfer....urgent....

thnks

Ankit Bhutani

CA Final

On whole amount

Hey reply me....guys...

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...

ALTHOUGH IT IS ASSUMED THAT DEDUCTEE HAVE HIS PAN

Tds is applicable on Rs 55000/-