TDS rate for Firm & Company
This query is : Resolved
Guest
Guest
(Querist)
22 October 2008
TDS rates when the deductee is Firm or Company:
TDS provisions tell that the rate of TDS inclusive of surcharge shall be applicable when the payment or credit exceeds Rs. 1.00 Crore during the F.Y.?
Now whether the payment or credit as said above shall be the payment or credit from the payer(we are) only or the total(global) receipt of the deductee...
Which shall be considered for Tds purpose?
Thanks & Regards
CA Rohit
TDS provisions tell that the rate of TDS inclusive of surcharge shall be applicable when the payment or credit exceeds Rs. 1.00 Crore during the F.Y.?
Now whether the payment or credit as said above shall be the payment or credit from the payer(we are) only or the total(global) receipt of the deductee...
Which shall be considered for Tds purpose?
Thanks & Regards
CA Rohit
22 October 2008
If the payment from you exceeds. No need to consider global receipt.
22 October 2008
Payment or credit from the payer is only to be used as the criteria fo reckoning the limit of Rs.1 crore
22 October 2008
Surcharge is applicable only if gross payment by you/party exceeds Rs. 1 crore.
This amendment has come into effect from 1st April, 2008.
This amendment has come into effect from 1st April, 2008.
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- SALE BILL AGAINST GOODS RETURN
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
