TDS limit (20000 Vs. 50000)
This query is : Resolved
Guest
Guest
(Querist)
25 September 2008
What is to be considered as a limit for TDS in below case....?
Say i have transacted with party 'XYZ' during F.Y. 2007-08
I have purchased for Rs. 75000/- from him.
Also i have availed job work service from him for Rs. 15000/-
So whether TDS is to be made on Rs. 15000/- or not.?
Rohit
Say i have transacted with party 'XYZ' during F.Y. 2007-08
I have purchased for Rs. 75000/- from him.
Also i have availed job work service from him for Rs. 15000/-
So whether TDS is to be made on Rs. 15000/- or not.?
Rohit
25 September 2008
Pls. be specific about the service.
25 September 2008
In case these are two different transactions and billed seperately, then the Tax at source is not required to be deducted.
25 September 2008
If he is billing cumulative then whole amount is chargeable under TDS else only job work is chargeable in your case.
**DM
**DM
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- FORM 26A APPLICABILITY
- Value of property in capital gain
- SFT Cash Deposit in Current Account
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
