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TDS query!!

This query is : Resolved 

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 September 2010 one of the company pays commission upto rs 5000 without deduction of TDS as below limit ,Now it pays Rs 1000 further if it requires to deduct TDS on whole amount Rs 6000 or Rs 1,0000

12 September 2010 As per Sec 194- H TDS is to be decuted at the time of credit or payment, whichever is earlier, when aggregate sums credited/paid during the financial year exceeds Rs.5000/-

i.e. Company has to deduct the TDS on Rs. 6000/-.


13 September 2010 TDS will have to be deducted on the whole amount of rs. 6000/-

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2010 what in case now Rs 100 is paid as in that case there will be required to deduct Rs 510 (10%)but amt available for payment Rs 100

19 September 2010 Need to be recovered Rs.410 from the party


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