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
Vikas Mehta
(Expert)
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
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
