TDS DEDUCTION
This query is : Resolved
28 June 2010
DEAR EXPERTS HELOO,
I WOULK LIKE TO ASK,IN TDS CONTRACTORS THRESHHOLD IS 20000(50000) IN A YEAR.
BUT IN THE BEGINING THEY ARE IN UNDER THRESHHOLD LIMIT SO WE DID NOT DEDUCT TDS .
BUT IN CASE THEY CROSS THE THRESHHOLD LIMIT.
WILL TDS BE DEDUCT ON WHOLE AMT OR EXCESS AMT?
KINDLY CLEAR IT.
WITH BEST REGARDS
VIKRAM SINGH TAWER
I WOULK LIKE TO ASK,IN TDS CONTRACTORS THRESHHOLD IS 20000(50000) IN A YEAR.
BUT IN THE BEGINING THEY ARE IN UNDER THRESHHOLD LIMIT SO WE DID NOT DEDUCT TDS .
BUT IN CASE THEY CROSS THE THRESHHOLD LIMIT.
WILL TDS BE DEDUCT ON WHOLE AMT OR EXCESS AMT?
KINDLY CLEAR IT.
WITH BEST REGARDS
VIKRAM SINGH TAWER
28 June 2010
Whole amount
28 June 2010
Yes, TDS will be deducted on whole amount
28 June 2010
Agreed with experts.
Rs. 20000/- limit is for single bill, as soon as one bill is Rs.20000/- then TDS is to be deducted .
TDS will be whole amount, not last one when threshold limit cross.
Rs. 20000/- limit is for single bill, as soon as one bill is Rs.20000/- then TDS is to be deducted .
TDS will be whole amount, not last one when threshold limit cross.
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