Easy Office

Threshold limit of TDS

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 March 2008 TDS on Contractor / professional fees is deductible if the bill amount exceeds 20,000 or exceeds 19,999
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
27 March 2008 It is 20000.00
Profile Image

Sushant Panigrahi

Profile Image

Sushant Panigrahi (Querist)
27 March 2008 If a contractor issue a bill of RS 20,000 should i deduct the TDS or Not
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Praveen Chopra

Profile Image

CA Praveen Chopra (Expert)
27 March 2008 If it exceeds 20000
Profile Image

CA Praveen Chopra

Profile Image

CA Praveen Chopra (Expert)
27 March 2008 You must deduct tds.
Profile Image

R.V.RAO

Profile Image

R.V.RAO (Expert)
27 March 2008 SEC 194(C) STATES THAT IF THE AMOUNT PAYABLE EXCEEDS RS. 20000/ THEN TDS LIABILITY IS ATTRACTED.
IF IT DOES NOT,THERE IS NO LIABILITY FOR TDS.
THAT IS WHY PEOPLE ARE ASKED TO SUBMIT BILLS FOR LESS THAN RS. 20000/
R.V.RAO
Profile Image

CA Saurabh Maheshwari

Profile Image

CA Saurabh Maheshwari (Expert)
28 March 2008 TDS IS REQUIRED TO BE DEDUCTED ONLY WHEN AMOUNT OF BILL EXCEEDS RS.20000/-
Profile Image

Sushant Panigrahi

Profile Image

Sushant Panigrahi (Querist)
28 March 2008 It means if the bill is for Rs 20,000 we should not deduct TDS on the same
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Jitender

Profile Image

Jitender (Expert)
28 March 2008 yes , u need not to deduct tds if the bill amt is of 20000

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


easyoffice CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links