Delivery charges

TDS 1066 views 1 replies

This Year (F.Y. 2011-12)TILL DATE we have already paid Rs. 14820 to Mr. X for Delivery Charges (Minidoor Fare) Purpose  which transaction Value  are given below

 

                                                Rs.

April,2011                               4000.00

May,2011                                4625.00

June,2011                                3775.00

July,2011                                 2420.00

 

TOTAL                                 14820.00

 

Please note that Mr. X have not any PAN No.  and we are  assumption that we shall be payable to Mr. X  Rs. 37000.00 next 08 Month (i.e. Aug to Mar,11) which LIST  also given below

                                                Rs.

Aug,2011                                3000.00

Sep,2011                                 4000.00

Oct,2011                                 4000.00

Nov,2011                                5000.00

Dec,2011                                 4000.00

Jan,2012                                  5000.00

Feb,2012                                 5000.00

Mar,2012                                 3000.00

 

TOTAL                                 33000.00

 

So we  expected  shall be Payable Total  Rs. 47820 (i.e. April to July Rs. 14820 + Aug to March Rs. 33000) to Mr. X F.Y. 2011-12.

 

Please suggest us can we deducted TDS to Mr. X under Section 194C 

Replies (1)

TDS not Applicable, Because Single Payment not exceesing Rs.30000/- or during the year the payemnt /credit not exceed or likely to exceed to 75000/-

AND  Sec 206AA rate 20% applicable  only when the payment/ credit exceeds or likely to exceeds the  specified limit of the respective sections.


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