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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?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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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