Entry below the threshold limit
This query is : Resolved
13 March 2012
Dear sir,
In case of a deductor liable to deduct TDS U/s 194C. If a payment made to one of his contractor is only Rs. 15000/- ( one & only transction with him during the FY ) which is below the threshold limit of deduction.
Do it is reqired to furnish the entry of said contractor amongst the other contractors in TDS return or not?
Thanks in advance.
In case of a deductor liable to deduct TDS U/s 194C. If a payment made to one of his contractor is only Rs. 15000/- ( one & only transction with him during the FY ) which is below the threshold limit of deduction.
Do it is reqired to furnish the entry of said contractor amongst the other contractors in TDS return or not?
Thanks in advance.
13 March 2012
In TDS return, only details of the party who r liable for tds deduction and not all the parties.
So, u needn't need to be furnish the details of above party.
So, u needn't need to be furnish the details of above party.
Mihir Doshi
(Expert)
14 March 2012
No need to mention the details of those contractors where TDS has not been deducted.
Thanks
Mihir Doshi
Thanks
Mihir Doshi
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