16 February 2011
We are a Partnership Firm. This Year (F.Y 2010-11) still now we have alredy received Professional & Tecnical Services bill Rs. 35,100.00 for the below mention Party's:
1)Bcic-Rs.13,000 2) Swapan biswas Rs. 5,000 3) techo Bharat Rs. 7,000 4) P.K.B & associates Rs. 10,100 Please Suggest us that is the TDS deducted essential for all this partye's or individually some paty's (URGENT)
16 February 2011
You have to check limit of Rs. 30000/ for each professional separately.
You have not to deduct TDS right now. . But if you are having any idea, that for a particular professional , say , BCIC 13000 , additional bills of Rs. 18000/ are expected., you may start to deduct tax in the case of that particular party.