Deduction of TDS
This query is : Resolved
24 January 2008
Can we deduct TDS from first bill of the
party is their any limitations or slab for deducting TDS, reply soon , thank you.
party is their any limitations or slab for deducting TDS, reply soon , thank you.
S.Srinivasaraghavan
(Expert)
25 January 2008
you can deduct TDS from the first bill of the party, if you are satisfied that payments to them will be beyond 'no liability to TDS'limit. The limits, rates and conditions vary depending upon the nature of payment.
25 January 2008
YES FROM FIRST BILL YOU MAY DEDUCT TDS.
EVEN IF YOU PAY ADVANCE TO A CONTRACTOR ,TDS IS LIABLE TO BE DEDUCTED.
NO SLAB SYSTEM FOR TDS .
R.V.RAO
EVEN IF YOU PAY ADVANCE TO A CONTRACTOR ,TDS IS LIABLE TO BE DEDUCTED.
NO SLAB SYSTEM FOR TDS .
R.V.RAO
Devendra Mishra
(Expert)
25 January 2008
If the liability for TDS exists you can deduct.
25 January 2008
TDS will be deducted from the first bill onwards or from the payment of advance without any slab rates.If you are satisfied that the amount is not exceeded the certain prescribed limit there is no need to deduct TDS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
