Tds after touching threshold limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2011
DEAR FRIENDS/SIRS,
IF ANY PARTIES TRANSACTIONS TOUCHES THE THRESHHOLD LIMIT (i.e.FOR 194 J RS.30000),THEN ON WHICH AMOUNT WE HAVE TO DEDUCT TDS ,EITHER ON EXCESS AMT.OF RS.30000 OR WHOLE AMT INCLUDING RS.30000/-
THANKS.
IF ANY PARTIES TRANSACTIONS TOUCHES THE THRESHHOLD LIMIT (i.e.FOR 194 J RS.30000),THEN ON WHICH AMOUNT WE HAVE TO DEDUCT TDS ,EITHER ON EXCESS AMT.OF RS.30000 OR WHOLE AMT INCLUDING RS.30000/-
THANKS.
23 November 2011
TDS is required to be decuted on the total amount paid to the party.
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