banner_ad

Operation of basic exemption limits under tds?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 July 2013 Hey Everyone,

Please help me in getting this basic correct,

Person A gives contracts to Person B. Following events may occur

B charges Rs. 25000/- but its just one bill no further bills are received?
B charges Rs. 80000/- in a single bill (is TDS applicble in on 75000-80000= 5000 or the whole amount of 80000/-)
B charges Rs. 80000/- (twenty thousand in four different bills), so when will TDS provision apply? And is TDS applicable on all bills or only on the fourth bill when the Limit is actually crossed?
In the next year B only issues bills worth Rs. 50000/-, so will TDS be deducted on the this amount because it was being done in the previous year?
Profile Image

Aashish Tiwari

Profile Image

Aashish Tiwari (Expert)
19 July 2013 Dear,
You r surprised to know that
Tds is on 1,05,000 (80,000 25000). and its applicable on bill when it cross d limit of aggregate amt 75000.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details