LIability to deduct TDS
This query is : Resolved
23 April 2008
Dear Sir,
Please tell me when a person is libale to deduct TDS with its limit for payment of different exps.
Please tell me when a person is libale to deduct TDS with its limit for payment of different exps.
23 April 2008
who is deduct tax is important if an assesse is an individul and total sales/gross rcp. is less than 40/10 lakhs then tds provision is not applicable and there is certaine limit not to deduct tax interest 194A 10% int is grater than 2500
contractor 194C 2% if single payments is greater than 20000/ or total rs.50000/-or more.194H commission rs.2500/ or more tds is 10% 194I rent payment in excess of 120000/-in the year so on
contractor 194C 2% if single payments is greater than 20000/ or total rs.50000/-or more.194H commission rs.2500/ or more tds is 10% 194I rent payment in excess of 120000/-in the year so on
24 April 2008
its difficult to explain here. Better if u study from the actual provisions itself
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