194B-TDS

This query is : Resolved 

24 July 2009 I want to know, when TDS is required to be deducted by a company.

24 July 2009 person responsible for paying shall, before releasing the winnings, ensure that tax has been paid in respect of the winnings

24 July 2009 Could you please let me know, whether the ceiling (5000/-)is appliable fpr single transaction or in aggregate during the year.

24 July 2009 The bare reading of the section states that the ceiling limit of Rs. 5000/- is applicable for single transaction. However looking at the other TDS provisions it should be construted as aggregate during the year and hence it should be taken as aggregate during the year.


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