TDS Deduction
This query is : Resolved
chandra shekhar joshi
(Querist)
16 May 2011
Dear Sir,
We received 3 bills from contractor (1)for Rs.15000/- (2) for Rs.15000/- (3) for Rs.30000/-. Kindly tell me if we will deduct TDS on all bills total or just on the bill for Rs.30000/-
We received 3 bills from contractor (1)for Rs.15000/- (2) for Rs.15000/- (3) for Rs.30000/-. Kindly tell me if we will deduct TDS on all bills total or just on the bill for Rs.30000/-
16 May 2011
yes you will deduct tds this bill beacause one time of payament limit 30000/- or 75000/- full year total payment
16 May 2011
On none of the bills as threshold limit is Rs 30000/- for Single bill which is not crossed neither the total has crossed Rs 75000 p.a.
So TDS not required to be deducted.
So TDS not required to be deducted.
chandra shekhar joshi
(Querist)
16 May 2011
Thanks Nayan ji and Sanjay ji, I also think neither 30000/- crossed nor 75000/-crossed. so there should not be any TDS.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
