DEAR FRIENDS
I'M CONFUSED WHETHER TDS ON CONTRACT BASIS IS DEDUCTED ON AMOUNT AFTER APPLICABILITY OR ON THE WHOLE AMOUNT WHEN IT'S APPLICABLE, WHICH IS RS.20,000/-
PLS LET ME KNOW AS SOON AS POSSIBLE.
Menu
APPLICABILITY
Replies (3)
U CAN DEDUCT TDS ON THE WHOLE AMT. IF THE AMOUNT PAID OR PAYABLE EXCEEDS RS.20000/-P.A
its on whole amount
regards
It should be deducted on the whole amount. The limit of Rs.20,000.00 is not the basic exemption limit provided. It is the ceiling, beyond which the entire amount attracts TDS.
Recent Threads
- Longterm Capital gain exemption on sale of residen
- Purchase of second hand spares to machineries
- GST INPUT CREDIT ON EFFULENT TREATMENT FEE
- EXCESS AMOUBT SHOWN IN GSTR 3B (OCT, 2025)
- EMPOWER EMPLOYEES THROUGH TRAINING TO ACHIEVE ORGA
- Excess Sale amount reported and filled in GSTR 3B
- GST on forfeiture of advance received for sale of
- ITC can be taken or not?
- Land Sales, Interest on SB and Deposits Not Shown
- Is this true related to Sanchar Saathi App Permiss
Related Threads
CAclubindia
