TDS
This query is : Resolved
RADHESHYAM
(Querist)
08 May 2010
OUR CONTRACTOR IS TOTAL BILLING IS RUPEE 40000/- FOR THE YEAR EACH BILL LESS THEN 20000/- AS PER CONTRACTOR LIMIT IS 50000/- FOR TDS DEDUCTION BUT SAID CONTRACTOR NOT HAVEING PAN NO. CAN WE DEDUCT TDS ? OR NOT . FOR FY 10-11
CMA Ramesh Krishnan
(Expert)
08 May 2010
Actual billing limit and one time payment limit is not exceeding the thershold limit so no need to deduct the TDS
08 May 2010
AGREE NO NEED TO DEDUCT TDS AS TOTAL AMOUNT WITHIN THRESHOLD LIMIT.
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