niloy sanyal (account manager) (777 Points)
24 March 2011This year(F.Y.2010-11) we have already recived Tecnical Consultancy Fees Bill from Mr. Sujit & Mr. Anupom which are shown below:
Anupam:
Date Bill Value
30/09/10 14500.00
24/3/11 14500.00
Sujit:
Date Bill Value
30/08/10 18000.00
15/03/11 11000.00
So we have recived technical consultancy Fees 58,000(Anupam29,000 & Sujit29,000) then can I deducted TDS from Mr. anupam & Mr.Sujit
Pankaj Arora
(Learner)
(3134 Points)
Replied 24 March 2011
No tds will applicable because its below from threshold limit of Rs.30000
Vikas Marele
(CA in Service)
(1144 Points)
Replied 24 March 2011
agreed with pankaj, tds is not to be deducted.
Madhusudan Kabra
(knowledge seeker)
(1779 Points)
Replied 24 March 2011
| Originally posted by : Pankaj Arora | ||
 |
No tds will applicable because its below from threshold limit of Rs.30000 |
 |
regards
Madhusudan
Bikramjit
(Manager Accounts)
(27 Points)
Replied 26 March 2011
No, TDS will not be aplicable for bouth Mr. Anupam & Mr. Sujit. Because their individual Total Bill Rs.29,000/- each not exceded Rs.30,000/-.
As per finance bill 2010, upto 30.06.2010 Rs. 20,000/- and increased to 30,000/- w.e.f. 01.07.2010.
Regards,
Bikramjit
CAclubindia
