TDS Deduction

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DEVENDER THAKUR (Querist)
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04 June 2010 Hi I am working in a firm, and dealing in the daily sale, purchase billing , sale tax and TDS. I want to know what is the threshold for deducting the tds on advertisement, rent and other sub contractors,.I entered the bill of amount 35000/- of the advertisment in April 2010 but did not deduct the tds. Plz tell me should I deduct the tds on that bill, if yes then what should I do now?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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04 June 2010 downlod by this link

https://www.caclubindia.com/share_files/tds-rate-chart-2010-2011-25546.asp

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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04 June 2010 YES DEDUCT TDS AND DEPOSIT ALONG WITH INTEREST @1% PER MONTH
RATE OF TDS:
1% FOR INDIVIDUAL & HUF
2% FOR OTHERS.
AT PRESENT THRESHOLD LIMIT IS RS.20000/- FOR SINGLE PAYMENT & RS.50000/- FOR ANNUAL.

REVISED WEF 01.07.2010
THRESHOLD LIMIT IS RS.30000/- FOR SINGLE PAYMENT & RS.75000/- FOR ANNUAL.

DEVENDER THAKUR

DEVENDER THAKUR (Querist)
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04 June 2010 Thnaks a lot sir,

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