tds deduction- threshold limit
This query is : Resolved
01 February 2008
firm tds on contractors limit 1000000/- over for the month dec'07.
In previous tds rate 2.06 deducted. From Jan'08 onwards 2.266 deducted (with surcharge).
In present month bills deducted tds with surcharges, in previous bills also changed with surchage (2.06 instead of 2.266)
my query is total bills effected 2.266 or above 10laks bills only?
please sir
In previous tds rate 2.06 deducted. From Jan'08 onwards 2.266 deducted (with surcharge).
In present month bills deducted tds with surcharges, in previous bills also changed with surchage (2.06 instead of 2.266)
my query is total bills effected 2.266 or above 10laks bills only?
please sir
01 February 2008
If the total payments or amount credited to the concerned party exceeds 10laks in a year than surcharge has to be taken on it.
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