TDS
This query is : Resolved
CA Suresh kumar panda
(Querist)
18 June 2011
If my contract of rent is for Rs2 lakhs, entered in september 1st. for the 7 months(i.e sept to Mar) since it does not exceed 1.8 lakhs should not we deduct TDS?
Pls consider.....
Pls consider.....
18 June 2011
No. Since it does not cross the threshold limit TDS deduction is not required.
Message likes :
1 times
CA Suresh kumar panda
(Querist)
18 June 2011
But sir there is a provision that if we anticipate it ll exceed we can deduct TDS....is is not it???
18 June 2011
TDS deduction should start once threshold limit is crossed. But even if you have deducted the TDS no problem the party will get the credit.
Message likes :
1 times
CA Suresh kumar panda
(Querist)
18 June 2011
Thank you sir...i got my point.In 194I its clearly given if it exceeds 1.8lakhs in the FY only TDS ll be deducted.....
Thank u very much for answering...:-)
Thank u very much for answering...:-)
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- ARCA LOGIN
- Capital gain on commercial property and investment in residential property
- RCM and same line
- TDS Return Statement Status
- Rectification under processing even after 6 months cpc portal
- Rent agreement of House of deceased person
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
