Tds 194 c
This query is : Resolved
30 July 2011
Is the method for tds be consistent like billwise or payment.As the provision says any sum credited or payment made.
e.g 1)if the bill raised(sum credited) is Rs.25000 and during same month payment is made for 34000,in next month bill raised 11000 and payment made is Rs.10000.on what amount tds should be made month wise.
e.g 1)if the bill raised(sum credited) is Rs.25000 and during same month payment is made for 34000,in next month bill raised 11000 and payment made is Rs.10000.on what amount tds should be made month wise.
30 July 2011
If bill is credited 1st TDS to be deducted on bill amount.
Say bill raised 25000/- deduct TDS on 25000/- and the payment made Rs 34000/- deduct TDS on excess Rs 9000/-. If after that again bill raised Rs 11000/- deduct TDS on Balance Rs 2000/-. Like this. Ultimately you need to balance it out.
Say bill raised 25000/- deduct TDS on 25000/- and the payment made Rs 34000/- deduct TDS on excess Rs 9000/-. If after that again bill raised Rs 11000/- deduct TDS on Balance Rs 2000/-. Like this. Ultimately you need to balance it out.
Message likes :
1 times
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
