Tds urgent query-194h
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2016
Hi our company has paid commission amounted to 4300 till february, as per the provision as company is not require to deduct the TDS upto the amount of 5000, now in march it has paid another commission amounted to 11000, now whether the company is required to deduct the TDS only on 11000 or on (4300+11000)=15300, (i.e. on threshold limit also)????????
Please do the needful ASAP
Please do the needful ASAP
Ganeshbabu K
(Expert)
03 February 2016
tds applicable on total payment once exceeded threshold limit,
hence deduct tds for total payment made till date in forthcoming payment
hence deduct tds for total payment made till date in forthcoming payment
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