TDS LIMIT
This query is : Resolved
rajeev khulbe
(Querist)
06 April 2010
SIR PLEASE TELL ME IN HOW MUCH AMT. TO DEDUCT TDS.AS PAR MY KNOWLEDGE AFTER BUDJET (A.Y 10-11).THIS LIMIT IS ABOVE 35 THOUSAND FOR A SINGLE PMT. AND 75 THOUSAND FOR PER ANAM.IS IT CORRECT.WHAT CONDITION IN WCT.ANY LIMIT ABOUT WCT.WHAT IS THE RATE OF WCT. AS PAR MY KNOWLEDGE IT IS 4%.IS IT CORRECT IF WRONG THAN SIR WHAT IS THE CURRENT RATE OF WCT.
06 April 2010
30000/- for single payment
75000/- for annual figure
75000/- for annual figure
Shyam Lal Naik
(Expert)
06 April 2010
The enhanced limit for TDS is applicable w.e.f. 01.07.10
So far rate of WCT is concerned, it is prescribed by the state vat laws and may differ from state to state.
So far rate of WCT is concerned, it is prescribed by the state vat laws and may differ from state to state.
CA Kapil B Gupta
(Expert)
06 April 2010
WCT rate is 4% subjected to concessional rate approved by Authority in written.
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