Tds on wages
This query is : Resolved
31 March 2021
we are saree manufacturers and deducting tds @1% (0.075) up to march 31-2021. But from April if the weaver whose income is below taxable income and not summitted Income tax returns for the past 2 years is is must to deduct 5% or as usual 1% even from july-01-2021 too. any section with exemption or notification is this regard. Please give your valuable reply. thanks in advance
K.B.Nagesha Rao.
K.B.Nagesha Rao.
31 March 2021
Condition for higher TDS.
Aggregate of tax deducted at source and tax collected at source in his case is Rs.50,000 or more in each of these two previous years.
Aggregate of tax deducted at source and tax collected at source in his case is Rs.50,000 or more in each of these two previous years.
31 March 2021
Small confusion sir 50000/- TDS limit for weaver or manufacturer . Thank you very much for your kind gesture sir
31 March 2021
Small confusion sir 50000/- TDS limit for weaver or manufacturer . Thank you very much for your kind gesture sir
31 March 2021
TDS limit for weaver is to be considered.
Message likes :
1 times
01 April 2021
thanking you sir . well explained,
02 April 2021
You are welcome...........
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
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
