TDS on Proffesional fees
This query is : Resolved
02 February 2011
if Proffesional Billed 28000/- upto 10th month & Rs.2000/- bill is raised by him.
What is the Procedure for TDS. Because Limit is 30000/- now tds will be deducted from whole 30000/-then how can we Recorded tds entry
What is the Procedure for TDS. Because Limit is 30000/- now tds will be deducted from whole 30000/-then how can we Recorded tds entry
02 February 2011
tds to be deduct on full amount when it cross the limit for hole year. @10%
02 February 2011
In that case the whole amount of this current bill of Rs. 2000/- will be booked against TDS & further 1000/- more TDS to be booked in his account, which shall be eventually be recoverable from his. as TDS @ 10 % will be on the whole amount of Rs. 30000/- i.e Rs. 3000/-
Message likes :
1 times
Guest
Guest
(Expert)
02 February 2011
Agree with experts
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Grand in aid
- ASMT-10 received from A O
- IT returns for fresh job holders
- ITR-Capital Gain
- Traces submitting correction statement error
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- 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
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
