tax deduction

TDS 1802 views 14 replies
tds deduction maade on basis of per bill amount or perannum amount
Replies (14)

TDS is deducted on the basic of payment / Credited amount which ever earlier. if the amount is  cross the threshold limit.,

what exactly 194 C speaks? 50000 P.a??? is it applicablt to contractor and subcontractor both>?

If the bill amount exceeds Rs.20000.00, then TDS should be deducted on it immediately.

If  single bill amounts doesnot cross Rs.20000.00, but when cumulatively taken  for the whole year, the amount paid to the party exceeds Rs.50000.00, then TDS should be deducted.

194C is applicable to both contractor and sub contractor.

DEAR SIR,

1) MAY I REQUETS U PLS SEND ME F.Y.2007-2008 TDS RATE (INTEREST,SALARY,CONTRACT,ADVERTISEMENT,FACTORY RENT) 

2) INCOME TAX LIMIT FOR LADY CASE,

3)  TDS CALCULATION ON SALARY 22000 P.M. (LADIES)

 

If the Payment to contract or subcontract payment is exceed Rs.20000/- any time then TDS is to be paid or no., of payment payment aggregating to Rs.50000/- then also TDS is to be paid.

For ex;- Paid to contractor Rs. 19900/- first Payment, Second payment 18000/-, third payment Rs. 12000/-, fourth Payment is Rs. 2500/- Then TdS to be Deducted on Rs.   52400/- 

Dhermesh Taniya,

Please email ur address at azmath @ springfieldsschool.com. I will try to send u Form 16A, TDS Rate, Challan & Form 16, which automatic calculate TDSon salary for indv., Female & Sr.Citizen

 

Taniya

While sending requestr please give UR email for further communication. UR request can't be send to U.

Hi, Khan sir,

Sir, If contractor bill for the month of Feb,2008 comes to 31st Mar,2008 and it is entered as on that date i.e 31st Mar,2008, so on paying TDS on that contractor's bill on 28th May it will be allowed as a deduction for the FINANCIAL YEAR 2007-08 as a expenditur

 

Thanks& Regards

PRAKASH JHA

Yeah,

U can pay TDS on 31st of May. for some case

Mr. prakash jha

Please don't call me Sir, we are Friends

hello

What is the limit of TDS deducted for contractors/vendors under section 194C

Originally posted by :Azmathullah Khan
" Dhermesh Taniya,
Please email ur address at azmath @ springfieldsschool.com. I will try to send u Form 16A, TDS Rate, Challan & Form 16, which automatic calculate TDSon salary for indv., Female & Sr.Citizen
 
"


 

 Who will be eligible to take TAN No. ?

 


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