TDS

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Querist : Anonymous

Querist : Anonymous (Querist)

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)

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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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.

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