Menu
Deduction u/s 194m
tax is deducted if pmt exceeds 50 lacs ,eg if pmt is 51 lacs , will tax b deducted on 51 lacs or just on 1 lac @ 5 percent
Replies (2)
Quick Summary
It will be on entire amount as threshold limit is rs 50 lakhs
Thank u
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
