Tds

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parth (Querist)
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03 March 2014 My client has a regular inflow of newspapers as it is a university, is TDS deductible on newspaper,if a specific agency is supplying,also no contract is entered into and the same party has exceeded the limit of 30000?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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03 March 2014 this is a transaction of sale so no question of tds applies.

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parth

parth (Querist)
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03 March 2014 Thanks, it was helpful.
Also i was interested to know, u/s 194 J do we require to make a estimation at the start of the year about whether the limit of 30000 will be crossed or not? and if we do not make such estimate and at a later stage if it crosses than will we be held liable for interest on TDS?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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03 March 2014 no need to make any estimation...but once it exceeds then u need to deduct tds u/s 194J but if there is a lot of time gap like for more then 1 month from the day it exceeds 30,000 then only int will be applicable.

in case if at once it exceeds 30,000 and u deduct and pay tds then no int is payable.

parth

parth (Querist)
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03 March 2014 Thank you, may i have your mail ID to ask questions through mail at a later stage if any?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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03 March 2014 tusharssampat90@gmail.com is my email id

parth

parth (Querist)
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03 March 2014 Thank you, may i have your mail ID to ask questions through mail at a later stage if any?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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03 March 2014 already i have provided above....

parth

parth (Querist)
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03 March 2014 please Consider it as spam

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