Tds
This query is : Resolved
11 February 2015
in 194J Rs 30000 is single amt or aggregate amount if some party gives the bill rs 25000 and 2nd bill rs 20000 in one financial year how much TDS should deduct us 194J
11 February 2015
it is aggregate amount in a year that u need to check once it exceeds the threshold limit then deduct on total amount considering all the bill in a year.
https://www.charteredclub.com/section-194j/
https://www.charteredclub.com/section-194j/
12 February 2015
1)Limit is for full year.if payment exceeds limit TDS applicable on full payment.
2)if you not deducted TDS on first bill,okay.but on second bill you need to collect TDS for ealier payments also as you are exceeding the threshold limit here.
From second bill deduct TDS 4500(2500 for first bill and 2000 for 2nd bill)
.
.
and balance amount can be credited to the party
2)if you not deducted TDS on first bill,okay.but on second bill you need to collect TDS for ealier payments also as you are exceeding the threshold limit here.
From second bill deduct TDS 4500(2500 for first bill and 2000 for 2nd bill)
.
.
and balance amount can be credited to the party
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
