Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2013 Can you explain me that how we know amount(on 2%) of TDS on AMC contracts If bill amount not exceeds Rs 30000/-
How we calculate it?

12 August 2013 If bill amount does not exceed Rs 30000/- then TDS not required to be deducted.

Annual threshold limit is Rs 75000/-.

TDS to be deducted on entire amount when threshold limit is crossed.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2013 if my clien charge TDS for vendor under mention limites than what future problems arises?

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2013 if my clien charge TDS for vendor under mention limites than what future problems arises?

12 August 2013 No problems with Income Tax Department provided the deductee do not have a problem.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2013 thank you sir


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