i agree with akhil.........
TDS limit
Page no : 2
V.Ganapathy Subramanian
(Dy Manager Accounts)
(62 Points)
Replied 10 June 2010
TDs Limits Rs.50,000/- specified for one year only ,
In previous year the limit is crossed, but in current the projected tranction is less than Rs.50,000/- No need to deduct tds till the time crossing the limit.
Once the limit is crossed tds to be deducted for whole amount inculding the limit of Rs.50000/-
Sefer to deduct from the begining itself
Shyam Lal Naik
(Service)
(6156 Points)
Replied 10 June 2010
The limit stood enhanced to Rs. 75,000/- from Rs. 50,000/- wef 01.07.2010.
You are neither required to deduct nor authorised to deduct tds unless the amount of single transaction exceed Rs. 30,000(wef 01.07.10) or the aggregate of transactions exceed Rs. 75,000/- during the year.
Ismailkhan
(Accountant)
(132 Points)
Replied 17 August 2013
how to change the TDS Exemption Limit in Tally ERP 9
ANIL K C
(ASST MANAGER - FINANCE)
(71 Points)
Replied 17 August 2013
if we anticipate a considerable transaction with the client always better to deduct tds from the beginning ... it is not going to create any problem
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