TDS on Sales & Purchase
This query is : Resolved
Quick Summary
Mohith Guptha
(Querist)
11 April 2024
Dear Sir/Madam,
Request to clarify that the TDS of 0.1% on sales to be deducted by the debtor after crossing the taxable limit of 50 lakhs every financial year and remit the payment to us or he should continue to deduct the same as regular from last year sales which has crossed 50 lakhs.
Thanks in advance.
Regards
Mohith
Request to clarify that the TDS of 0.1% on sales to be deducted by the debtor after crossing the taxable limit of 50 lakhs every financial year and remit the payment to us or he should continue to deduct the same as regular from last year sales which has crossed 50 lakhs.
Thanks in advance.
Regards
Mohith
CA R SEETHARAMAN
(Expert)
12 April 2024
TDS applicable after crossing 50 lacs every financial year.
CA Roomi Gupta
(Expert)
12 April 2024
Limit of Rs. 50 lakhs is to be checked for each new financial year
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