What is the exemption limit for payment of TDS under section 195...
other sections have Rs. 20,000/- ....
sumeet
10 Replies
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 06 June 2008
Any person responsible for paying to a non resident,
not being company, or to a foreign company, any interest or ANY OTHER SUM chargeable under the provisions of this act. not being salary shall,
at the time of credit of such income to the account of payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income tax at the rates in force.
Nitesh Jain
(CA Final Student & Manager(Accounts & Taxation))
(91 Points)
Replied 06 June 2008
Therefore, no limit for the same. TDS is to be deducted on whole amount.
Ranjini.V
(CA Student)
(141 Points)
Replied 06 June 2008
There is no exemption in sec195. The section states ANY SUM paid to a non resident. So there is no question of exemption.
K V S Someswara Rao
(Accountant)
(26 Points)
Replied 25 August 2008
| Originally posted by :Sumeet | ||
| " | What is the exemption limit for payment of TDS under section 195... other sections have Rs. 20,000/- .... sumeet |
" |
(Guest)
under the VAT Act , our unit is getting a refund of sales tax collected and paid to the exchequer in the next month itself. How should this refund accounted for in our books? This refund is being received as per the scheme of the Up govt whereby it gives a tax benefit for setting up units in undeveloped regions.
FAIYAZ AHMED S.
(ACCOUNTANT)
(20 Points)
Replied 30 October 2008
Hi
I have quiery We have to apply for Tin VAT etc abroad for which the consultant raised a bill whether it attract TDS u/s 195 pls clarify.
FAIYAZ AHMED S.
(ACCOUNTANT)
(20 Points)
Replied 30 October 2008
| Originally posted by :Guest | ||
| " | Hi I have quiery We have to apply for Tin VAT etc abroad for which the consultant raised a bill whether it attract TDS u/s 195 pls clarify. Pl anybody is there to reply my quiery |
" |
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 30 October 2008
Dear Mr. Sumeet,
There is no exemption limit for Section 195 for deduction of TDS .
Regards,
Prabeer Sarkar
suresh talam
(accounts)
(39 Points)
Replied 06 June 2009
can any body help me? what is the due date of TDS for U/s 195 payments
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