Tds 194q after exempt or on total

245 views
User Avatar

221 Points Posted on 12 May 2023
we are eligible to deduct tds on purchase. I want to know abt deductable amount if we purchase from Mr ram rs 80 lakh. then how much tds to be deduct is that on 80 lakh or on 80 lakh minus exempt 50 lakh

so tds is 8000 or 3000
plz confirm amount
0 Reply Share Follow
On 12 May 2023 at 15:35 Report
Replies (2)
Quick Summary
This discussion clarifies how to calculate Tax Deducted at Source (TDS) on purchases. It addresses whether TDS should be applied to the full purchase value or after subtracting any applicable exemptions. The consensus is that TDS is calculated on the amount exceeding the exemption limit.

User Avatar

SEO Sai Gr. Hosp.
212475 Points Posted on 12 May 2023

RS. 3000/-              

1 Reply
On 12 May 2023 at 18:05
User Avatar

Student
1628 Points Posted on 13 May 2023
After exemption limit i.e. 3,000/- [(80 lakh - 50 lakh)*.10%]
1 Reply
On 13 May 2023 at 08:33

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Demand of Late fee/Interest under section 75 of GS
  2. DSC registration on TRACES portal
  3. Can we get registered for MCA if we get a Virtual
  4. DONATION PAYMENT REG
  5. GST IDS Refund – Statement 01A: Invoice Not
  6. TDS deposit code & TDS return
  7. AIS VS GST Mismatch- FY 2025-26
  8. Gross total income
  9. Export Compliance
  10. Sale of plots in open land

More recent discussions | Post

Related Topics :

Loading