Tax Deduction at Source
This query is : Resolved
Pankaj Sharma
(Querist)
08 April 2008
What is the minimum amount of payment for which the TDS has not been deducted In case of contractor, Professional & Broker.
CA. Vineet Grover
(Expert)
08 April 2008
Hi Pankaj,
The minimum amount of payment beyond which TDS has to be deducted are as under:
(a) Contractor (194C): Single payment beyond Rs.20000/- or total payment exceeding Rs.50000/- during the year.
(b) Professional (194J): Rs.20000/-
(c) Broker (u/s 194H): Rs.2500/-
Rgds/
Vineet
The minimum amount of payment beyond which TDS has to be deducted are as under:
(a) Contractor (194C): Single payment beyond Rs.20000/- or total payment exceeding Rs.50000/- during the year.
(b) Professional (194J): Rs.20000/-
(c) Broker (u/s 194H): Rs.2500/-
Rgds/
Vineet
Amit Sharma
(Expert)
08 April 2008
Mr. Vineet is 100% right.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
