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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Rental income of jointly held property
- ITR 4 OR ITR 3 WHICH FORM CHOOSE
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
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
