TDS RELATED
This query is : Resolved
24 December 2009
PLEASE CAN ANY ONE TELL ME..?
IS IT COMPULSORY FOR COMPANIES TO DEDUCT TDS EVENIF THEIR TURNOVER IS BELOW LIMIT
FOR PAYMENT AGAINST BILL OF BLDG. MATERIALS
OR ANY OHTER PAYMENT?
IS IT COMPULSORY FOR COMPANIES TO DEDUCT TDS EVENIF THEIR TURNOVER IS BELOW LIMIT
FOR PAYMENT AGAINST BILL OF BLDG. MATERIALS
OR ANY OHTER PAYMENT?
25 December 2009
Tds is deduction not based on turn over there is threshold limit fixed for each section deduction i.e
192 Payment of Salary and Wages TDS is deducted if the estimated income of the employee is taxable.
193 Payment of Interest on Securities Rs. 5,000/- p.a.
194-A Interest other than interest on securities Rs.10,000/- p.a.
Interest from Banking Company
194-A Interest other than interest on securities Rs.5,000/- p.a.
Interest other than from Banking Company
194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year
194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year
194-C Payment to transport contractor / sub contractor If PAN Quoted
194-C Payment to transport contractor / sub contractor If PAN not quoted
194-H Payment of commission or brokerage to resident Rs.2,500/- p.a.
194-I Payment of Rent Rs.1,20,000/- p.a.
194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a.
194-J Payment of professional or technical services Rs.20,000/- p.a.
192 Payment of Salary and Wages TDS is deducted if the estimated income of the employee is taxable.
193 Payment of Interest on Securities Rs. 5,000/- p.a.
194-A Interest other than interest on securities Rs.10,000/- p.a.
Interest from Banking Company
194-A Interest other than interest on securities Rs.5,000/- p.a.
Interest other than from Banking Company
194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year
194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year
194-C Payment to transport contractor / sub contractor If PAN Quoted
194-C Payment to transport contractor / sub contractor If PAN not quoted
194-H Payment of commission or brokerage to resident Rs.2,500/- p.a.
194-I Payment of Rent Rs.1,20,000/- p.a.
194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a.
194-J Payment of professional or technical services Rs.20,000/- p.a.
25 December 2009
GOOD REPLY THANKS
25 December 2009
simple but effective reply thanks
26 December 2009
NO TDS is deductble on Bill payment of Building Materail
NO TDS is deductble on Bill payment of Building Materail
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
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- LIC maturity claim whether taxable
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TDS AND ITR ISSUE
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
