TDS Exemption
This query is : Resolved
Jiwan singh
(Querist)
08 March 2010
Dear all
If contractor has not pan no. tds rate 1% / 2% .(20% from 01.04.10)
is it exempt for 20000 or 50000 ?
Please explain
Thanks & Regards
Jiwan Singh
If contractor has not pan no. tds rate 1% / 2% .(20% from 01.04.10)
is it exempt for 20000 or 50000 ?
Please explain
Thanks & Regards
Jiwan Singh
Shyam Lal Naik
(Expert)
08 March 2010
Rate can be applied only when a transaction is within the purview of TDS Provisions.
As such, in my view, exemption is available.
The threshhold has been proposed to be enhanced to 30K & 70K in the union budget.
As such, in my view, exemption is available.
The threshhold has been proposed to be enhanced to 30K & 70K in the union budget.
08 March 2010
YES. IF THRESHOLD LIMIT DOES NOT EXCEED YOU ARE NOT REQUIRED TO DEDUCT TDS WHETHER THAY HAVE PAN NO OR NOT.
23 June 2010
agree
23 June 2010
IT IS A QUERY OF 8TH MARCH AND YOU ARE AGREEING ON 23RD OF JUNE. QUITE STRANGE.
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