TDS deduction
This query is : Resolved
20 January 2008
what is the limit of amt for deducting TDS on it, kindly send me the details as soon as possible, thank you
20 January 2008
IT depends on the nature of transactions. if it is contract transaction the limit is Rs.20000.If it is brokerage or agency commission it is Rs.2500/- and if it is interest other than bank interest , it is Rs.5000. All are per annum basis.
21 January 2008
(1)total aggregate of all the bills should exceed 50,000
OR
(2)Gross amount of one bill should exceed 20,000
OR
(2)Gross amount of one bill should exceed 20,000
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
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- 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
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- 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
