Hiii,
Please let me know what is the meaning of limit of Rs. 180000/- for TDS purpose.
my co. has dedcuted TDS of an employee after 6 ,onths from his joining. WHyyyyyyyyyy?
Thanx in advance.................
Kumar Gaurav (Going...to be C.A soon...) (1624 Points)
05 February 2009Hiii,
Please let me know what is the meaning of limit of Rs. 180000/- for TDS purpose.
my co. has dedcuted TDS of an employee after 6 ,onths from his joining. WHyyyyyyyyyy?
Thanx in advance.................
Darshit
(CA Final)
(964 Points)
Replied 05 February 2009
TDS limit means that in the particular year the Figure of payment should not increase a stipulated figure or else it is liable for TDS.