Competant authority to decide tds limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2014
Where Transporter, or Deductee of any transaction with respect to service point submits a 20 single bills containing 30000/-under sec194c to 20 Different companies, whether Deductor is not required to deduct TDS irrespective of his total turnover? whether deductor of any firm or company who receives the bill from deductee is adjudicating authority?
19 April 2014
Yes not required to consider all transactions. If you are getting single of Rs 30000 or below you are required to consider only that bill. The threshold limit of Rs 30000 is per party and collectively.
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