How much tds to be deducted!
This query is : Resolved
16 February 2016
Hi Expert
My company got a legal service. The company received a first bill of Rs 29500/-. we don't know that in future we take legal service from the same person. But we have taken again the legal services from the same person.The first bill we received it is below the limit of 30000/-So we didn't deduct the TDS . The company received a new bill from the same person of Rs 20000/- so the total services the company got from the person is Rs 49500/-.
My Query is the company deduct TDS on amount of Rs 49500 or on 20000/-
My company got a legal service. The company received a first bill of Rs 29500/-. we don't know that in future we take legal service from the same person. But we have taken again the legal services from the same person.The first bill we received it is below the limit of 30000/-So we didn't deduct the TDS . The company received a new bill from the same person of Rs 20000/- so the total services the company got from the person is Rs 49500/-.
My Query is the company deduct TDS on amount of Rs 49500 or on 20000/-
16 February 2016
You need to deduct TDS on total payment made to him in that year
I.e, 10% as per 194J ON 49500 ,
So you need to deduct 4950 from Rs.20000
I.e, 10% as per 194J ON 49500 ,
So you need to deduct 4950 from Rs.20000
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
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Multiple trade mark
- When TDS on GST applied
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
