tax on profession
This query is : Resolved
20 October 2009
sir,
sir when to deduct tds on profession.when the first amount is below Rs.20000\- and we don't know fruther services is required or not,is it requied to deduct from the first amount.give me advice.with section also.
thanks and regards
shyam
sir when to deduct tds on profession.when the first amount is below Rs.20000\- and we don't know fruther services is required or not,is it requied to deduct from the first amount.give me advice.with section also.
thanks and regards
shyam
Ram Avtar Singh
(Expert)
20 October 2009
No need to deduct TDs up to 20000/= when next bill comes and annual amount crossed up to 50000/= TDs to be deduct at that time from april to till date amount.
CA SANJAY MUKHERJEE
(Expert)
20 October 2009
Hi,
Would like to draw your attention that Rs. 50,000 limit is for 194C and for 194J for both single and agreegate payment, limit is Rs. 20,000.
Otherwise agree with expert Singh.
Would like to draw your attention that Rs. 50,000 limit is for 194C and for 194J for both single and agreegate payment, limit is Rs. 20,000.
Otherwise agree with expert Singh.
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