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
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