TDS ON TRANSPORTER PAYMENT
This query is : Resolved
13 August 2010
IF TRANSPORTTER GR IS LESS THAN 20K AND ANNUAL CONTRACT PAYMENT IS ALSO LESS THAN 50K.
IF PAN IS REQUIRED IN THAT CASE OR NOT.
KINDLY ADVISE.
IF PAN IS REQUIRED IN THAT CASE OR NOT.
KINDLY ADVISE.
13 August 2010
NO PAN IS REQUIRED IF BELOW THRESHOLD LIMIT. YOU NEED PAN ONLY WHEN THRESHOLD LIMIT IS CROSSED.
DROM 01.07.2010
THRESHOLD LIMIT IS---
SINGLE BILL 30K
ANNUAL 75 K
IF PAN NOT GIVEN-
BELOW THRESHOLD LIMIT---NO TDS
ABOVE LIMIT-TDS 20%
DROM 01.07.2010
THRESHOLD LIMIT IS---
SINGLE BILL 30K
ANNUAL 75 K
IF PAN NOT GIVEN-
BELOW THRESHOLD LIMIT---NO TDS
ABOVE LIMIT-TDS 20%
Message likes :
1 times
CA Sanat Pyne
(Expert)
13 August 2010
NO PAN IS NOT REQUIRED FOR THIS CASE.
Message likes :
1 times
13 August 2010
Neither PAN is required nor TDS to be deducted.
Message likes :
2 times
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