Which will be taxable amount for calculate TDS after cross threshold limit
This query is : Resolved
02 March 2024
Dear Sir, after taken from last bill of contractor, his threshold limit is cross 1 lakh, now contractor total bills Ledger amount is 130,000/-
then which will be taxable amount for calculate his TDS ,
on overall total amount (130000) Or exclusive threshold limit 1 lakh. ( on only Rs. 30000 )
Thanks
then which will be taxable amount for calculate his TDS ,
on overall total amount (130000) Or exclusive threshold limit 1 lakh. ( on only Rs. 30000 )
Thanks
03 March 2024
On overall total amount TDS applicable.
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