Tds deduction
This query is : Resolved
27 October 2012
hello all
we are a proprietor co. so what would be tds deduction limit under 194c.
it is 30000 or 75000
we are a proprietor co. so what would be tds deduction limit under 194c.
it is 30000 or 75000
27 October 2012
If your turover does not exceed Rs.1 crore in a year, than you are not supposed to deduct Tds. Rs. 30,000 is the limit for single payment and Rs. 75,000 is for aggregate during the year.
27 October 2012
If u make single payment of Rs.30000/-or more to a person or aggregate of payment made/to be made during the year to a person exceeds Rs.75000/- then you need to deduct TDS @2% for companies & 1% for others.Hope Now it is clear to you.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Can partnership firm show income under 44ad
- Banking Related Issue
- Rental income of jointly held property
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
