Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2013
under sec-194c payment to contract limit is rs-30000/-
if the contractor bill is below rs-30000.no need to deduct tds.
kindly clear the concept.
if the contractor bill is below rs-30000.no need to deduct tds.
kindly clear the concept.
11 October 2013
If the bill amount is less than Rs. 30,000 the TDS is NOT required to be deducted.
However, if the AGGREGATE of payments/bill in a year exceeds Rs. 75,000 the TDS is required to be deducted on ALL the payments/bills (even if all bills are less than Rs. 30,000)
However, if the AGGREGATE of payments/bill in a year exceeds Rs. 75,000 the TDS is required to be deducted on ALL the payments/bills (even if all bills are less than Rs. 30,000)
12 October 2013
Agreed with above ans.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- EXPORT COMMERCIAL INVOICE HSN CODE
- LIC maturity claim whether taxable
- Journal entry of busniess expenses
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
