Tds
This query is : Resolved
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?
03 March 2014
this is a transaction of sale so no question of tds applies.
Message likes :
1 times
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?
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?
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.
in case if at once it exceeds 30,000 and u deduct and pay tds then no int is payable.
03 March 2014
Thank you, may i have your mail ID to ask questions through mail at a later stage if any?
03 March 2014
tusharssampat90@gmail.com is my email id
03 March 2014
Thank you, may i have your mail ID to ask questions through mail at a later stage if any?
03 March 2014
already i have provided above....
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 Liability on Trading Account in Name of Person with Disability (Autism) Operated by Guardian
- Tcs claim for previous financial year
- TDS on Purchase of Goods 194Q
- Dinner party and 194Q
- TDS Applicability on Adobe Subscription u/s 195
- Invertted duty struture
- Order from Department U/s 74
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- Health insurance
- I want to Close my LLP
- AMC Contract &GST &Income Tax
- TDS Return filing if only have 15G /15H deductions and no other payments
- IMPORT OF GOODS CREDIT
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- Gst no of supplier cancelled from 2017
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
