TDS
This query is : Resolved
24 March 2011
Sir/Madam,
I have received bill of Rs. 20,200/- on 20.03.2011 & another bill on 22.03.2011 for Rs. 20,000/- I have passed the JV on the same invoice day (They are in the contract) in total fY we have received total amount is Rs. 20,200+ 20,000/-
should i pay Rs.40,200/- at a time or should I deduct the TDS on Contract for paying Rs. 40,200/- at a time.
Please give me answer as early as possible
I have received bill of Rs. 20,200/- on 20.03.2011 & another bill on 22.03.2011 for Rs. 20,000/- I have passed the JV on the same invoice day (They are in the contract) in total fY we have received total amount is Rs. 20,200+ 20,000/-
should i pay Rs.40,200/- at a time or should I deduct the TDS on Contract for paying Rs. 40,200/- at a time.
Please give me answer as early as possible
CA Navin Jain
(Expert)
24 March 2011
you donot need to deduct tds
CA.ViVeK M ACA
(Expert)
24 March 2011
As per the Rule single payment exceeds Rs 30,000/- and aggregate payment during the year excceds Rs 75,000/- then TDS is required to be deduct TDS. In your cases, you are not fullfilling any of the above conditions and no TDS required to be deducted
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
