Information regarding t.d.s deduction
This query is : Resolved
06 November 2013
RESPECTED SIR,
SIR I WANT TO WHEN TO DEDUCT T.D.S IF WE PAID COMMISSION OF RS 3000.00 ON 06.10.2013 WHICH IS BELOW EXEMPTION LIMIT BUT NOW IN NOVEMBER IT CROSSES RS. 5000 AS WE MADE A FURTHER COMMISSION PAYMENT OF RS. 4000?????
NOW WHETHER WE HAVE TO PAY INTEREST ON IT DUE TO LATE DEDUCTION @ 1 % P.M??????
SIR I WANT TO WHEN TO DEDUCT T.D.S IF WE PAID COMMISSION OF RS 3000.00 ON 06.10.2013 WHICH IS BELOW EXEMPTION LIMIT BUT NOW IN NOVEMBER IT CROSSES RS. 5000 AS WE MADE A FURTHER COMMISSION PAYMENT OF RS. 4000?????
NOW WHETHER WE HAVE TO PAY INTEREST ON IT DUE TO LATE DEDUCTION @ 1 % P.M??????
10 November 2013
No need to pay late deduction interest for tds not deducted due to non crossing of threshold limit
19 May 2014
thanks a lot sir.. but someone has advised my client to deduct the same.. Can you Please give any income tax rule reference??????
01 August 2024
https://docs.google.com/document/d/1ZRBlYNAlIkFgvX3oeaUwiEJtR6fDFMLvUN9HgFO1PQA/edit?usp=sharing
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 our of sec 44AD
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- Invoice V/S Goods receipt Note Date
- Regarding appeal to GSTAT
- Transporter Declaration form
- Filing of MSME 1 form by companies
- 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
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
