Tds cutoff amount
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2012
Request you to clarify on TDS :-
Want to Know as how TDS has to be Deducted for 194H.(Cut off Amt Rs 5000/-)
I Have 3 transaction in a Year :
1st ----For Rs1300/-
2nd----For Rs1100/-
3rd---For Rs 2800/-
I understand that we need to deduct 10% on 2800/- as for this transaction only as it exceeds 5000 at this point.
Confirm me if i am correct.
Want to Know as how TDS has to be Deducted for 194H.(Cut off Amt Rs 5000/-)
I Have 3 transaction in a Year :
1st ----For Rs1300/-
2nd----For Rs1100/-
3rd---For Rs 2800/-
I understand that we need to deduct 10% on 2800/- as for this transaction only as it exceeds 5000 at this point.
Confirm me if i am correct.
31 July 2012
TDS need to be deducted on total of Rs 5200/- @10%.
31 July 2012
If you have paid all the commission to one single party, then TDS will be deductible on whole amount i.e. Rs.5,200/-
31 July 2012
TDS is deductible on the whole amt if the total amt paid during the year exceeds the threshold limit.
31 July 2012
agree with experts
Message likes :
1 times
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- ITR validation error - Balance sheet is not filled
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
