TDS query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2010 my co had paid a full bill amt cheque of Rs. 20000/- for website promotion exp instead of deducting TDS from the bill amount. the bill was paid in 23.4.2009. nw wht should we do so that we can claim the whole amount of website exp. under income tax act

Aditya Maheshwari

Aditya Maheshwari (Expert)
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04 January 2010 Not liable for TDS deduction as amount does not exceed Rs. 20,000

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2010 i think even if we pay rs. 20,000/- , we r liable to deduct tds on it.

Bimal Thacker

Bimal Thacker (Expert)
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04 January 2010 Aditya is right. If it does not exceed 20000/= then it is not required to deduct TDS.Eventhough you want to deposit TDS for safer side you can deposit TDS upto March 2010 to claim the whole amount of expenses for FY 2009-2010

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2010 thnx a lot, sir