TDS
This query is : Resolved
03 April 2010
In case of TDS if payment is made to the person,we have to deduct tax from that amount if total payment to that person exceeds threshhold limit,otherwise we are liable.But in case payment to the person does not exceed specified limit and then also we have deducted tax,so in that case is there any default? and if yes then what is the penalty?
03 April 2010
NO PENALTY AS SUCH IS MENTIONED AS PER IT ACT IF YOU HAVE DEDUCTED ANY TDS FROM THE DEDUCTEE WHOSE THRESHOLD LIMIT IS NOT CROSSED.
04 April 2010
no default & no penalty
04 April 2010
Agree
05 April 2010
agreed
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Regarding appeal to GSTAT
- Copyright software
- Invoice V/S Goods receipt Note Date
- Form 121 & TDS deduction
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
