income tax

Poonam Agrawal (tax consultant) (154 Points)

23 May 2012

on which amount of payment tds deduction is compulsory if its within limit of payment

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8 Replies

neeraj (CA) (930 Points)
Replied 23 May 2012

If it is within threshold limit then why to deduct TDS ?????? pls clear ur ques once again , if possible give an example.

ashish gupta ( student) (1922 Points)
Replied 23 May 2012

your question is not clear poonam

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 23 May 2012

Very vague question.

S.Altaf Hussain (General Manager- Finance) (28 Points)
Replied 24 May 2012

Depending upon the Nature of payment. Minimum 2,500/- maximum 1,80,000/-

Poonam Agrawal (tax consultant) (154 Points)
Replied 24 May 2012

My query is that other than tax audit assessee who has liability to deduct tds mandatory??????/

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 24 May 2012

Company or a Firm has to deduct tax mandatorily other than tax audited individuals.

PRITAM JAIN, CA , CS (Practising CA CS) (398 Points)
Replied 24 May 2012

For Salary Income:

ANY PERSON Responsible for paying any income chargeable under the head salaries i.e. all kind of assessees....

ANY PERSON other than Individual or HUF not covered under audit in P.Y. immidiately preceeding C.Y. is responsible to deduct tax under other heads

Regards

Poonam Agrawal (tax consultant) (154 Points)
Replied 25 May 2012

thanks all of u....................................

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