TDS Deduction
This query is : Resolved
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.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
