Who should deduct tds
This query is : Resolved
15 May 2013
I am Arun rajput. I am ICWA student. I want to know, is there any Turnover limit for the company for deducting TDS.
like in VAT T/O limit is 5 lakhs so the company has pay the vat.
So like above is there any T/O or any other criteria for company for compulsion of deducting TDS.
like in VAT T/O limit is 5 lakhs so the company has pay the vat.
So like above is there any T/O or any other criteria for company for compulsion of deducting TDS.
CMA Ramesh Krishnan
(Expert)
15 May 2013
TDS deduction applicable based on deductee payment & bills threshold limit, not based on turnover of the deductor
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02 July 2013
No there is no limit for any company for TDS. The TDS is based on the limit of total transaction entered between the company and the supplier or service provider or the section under which TDS is deductable
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