TDS ON CONTRACT PAYMENT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2011
IN COURIER SERVICE, ON DIRECT EXPANCE OF SUNDRY CREDITORS THE PROPRIETOR PAID MORE THAN RS.50000/- PER YEAR WITHOUT DEDUCT TDS TO HIS CREDITORS.SO IS THERE ANY PROBLEM WHEN THE ASSESSEE FILE HIS ITR ?
12 July 2011
No Problems.
Annual limit is Rs 75000/-
Single Bill Rs 30000/-
Also check if the Proprietor is falling under the net of Tax Audit and requires to deduct TDS.
For details see below article---
https://www.caclubindia.com/articles/all-you-want-to-know-about-tds-7882.asp
Annual limit is Rs 75000/-
Single Bill Rs 30000/-
Also check if the Proprietor is falling under the net of Tax Audit and requires to deduct TDS.
For details see below article---
https://www.caclubindia.com/articles/all-you-want-to-know-about-tds-7882.asp
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