CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 25 August 2016
riddhi
(student)
(746 Points)
Replied 25 August 2016
Year to year irrespective of the head? For eg: for A ltd i had deducted u/s 194J so next year if client B comes then will there be a new limit for that client or i just have to consider year wise limit for all clients pertaining to the same head?
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 25 August 2016
riddhi
(student)
(746 Points)
Replied 25 August 2016
Okay. I have deucted tds for one client whose bill amount was 10000/- becuase the limit over all for 194j exceeded the limit of 30000/-. The client had charged service tax so deducted tds u/s 194j. Now what should i do? I was under the impression that the limit is head wise irrespective of the parties. So service tax and tds will be year to year basis and client wise right?
riddhi
(student)
(746 Points)
Replied 25 August 2016
Also can you help me identify tds? how to identify whether tds should be dedcuted or not?
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 25 August 2016
CAclubindia
