Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2014
Hello professional frnds

Contractor Limit of TDS Deduction is Rs. 30,000/-, After limit if I receive another 10,000 amount bill then I have to deduct TDS on total 40,000 or only on 10000/-. Pls advise.

thanx in advance

09 July 2014 TDS to be deducted on total amount of Rs 40000/-. Rs 30000 is threshold limit not exemption limit.


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