This 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
No tds will applicable because its below from threshold limit of Rs.30000
agreed with pankaj, tds is not to be deducted.
| Originally posted by : Pankaj Arora | ||
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No tds will applicable because its below from threshold limit of Rs.30000 |
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regards
Madhusudan
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
Arvindkumar Maniar & Co.
Rajkot
CA
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A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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