T.d.s. deduction limit in d.t.c.
This query is : Resolved
09 June 2012
CAN ANY EXPERT GIVE ME ANY IDEA ABOUTS WHTS D LIMIT OF INCOME AMOUNT FOR COMMISION AGENTS OBOVE WHICH ONLY T.D.S. WILL BE DEDUCTED FRPM THEIR INCOME.
I HEARS ITS A ABOVE RS 1,60,000. WHETHER ITS CORRECT OR NOT.
PLZ GIVE ME ANSWER SINCE I HAVE MANY CLIENTS OF LOWER INCOME GROUP WHICH MAY BE LOST DUE TO THIS PROVISONS.....?
07276993000 DIPAK GULHANE
I HEARS ITS A ABOVE RS 1,60,000. WHETHER ITS CORRECT OR NOT.
PLZ GIVE ME ANSWER SINCE I HAVE MANY CLIENTS OF LOWER INCOME GROUP WHICH MAY BE LOST DUE TO THIS PROVISONS.....?
07276993000 DIPAK GULHANE
09 June 2012
Tax is to be deducted at source at the time of payment or credit whichever is earlier.
Ø Tax has to be deducted @10% w.e.f. 1-6-2007.
Ø There is no requirement of deduction of tax at source as per Indian Income Tax Act if the aggregate amounts of commission or brokerage paid/credited or likely to be paid/credited during the financial year to the payee does not exceed Rs.5000/-.
Ø Tax has to be deducted @10% w.e.f. 1-6-2007.
Ø There is no requirement of deduction of tax at source as per Indian Income Tax Act if the aggregate amounts of commission or brokerage paid/credited or likely to be paid/credited during the financial year to the payee does not exceed Rs.5000/-.
09 June 2012
Respected Sir....I m not asking current provisions...I m asking about provision abt T.D.S. in Direct Tax Code...
11 June 2012
Under proposed DTC also the limit is Rs. 5,000.
Please read Section 200 of the proposed DTC.
Please read Section 200 of the proposed DTC.
Message likes :
1 times
11 June 2012
You Simply GREATE....!!!!
Message likes :
1 times
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
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
