J K TIWARY (DY.MANAGER(FIN)) (24 Points)
15 December 2011WE ARE TO MAKE PAYMENT NEARY 8 LAKHS TO THE DEPANDANT OF AN EMPLOYEE WHO DIED IN OUR WORKING PREMISES. WHETHER TDS IS APPLICABLE ? UNDER WHICH SECTION?
Sunil
(Internal Auditor)
(334 Points)
Replied 15 December 2011
TDS is required to be deducted only on the interest portion of the compenstion that too only if exceeds Rs. 50000/-
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