a bank pays to a compant rs 2700 for the f/y 08-09. wt z the amt of tds?? payment-interest payment
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tds amt..????? urgent..
Replies (10)
2700*10.3% = Rs.278
| Originally posted by :Abhiram Bharat.... CA FINAL.. | ||
| " | a bank pays to a compant rs 2700 for the f/y 08-09. wt z the amt of tds?? payment-interest payment | " |
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thank u prakash
| Originally posted by :abhashmishra | ||
| " | 2700*10.3% = Rs.278 Originally posted by :Abhiram Bharat.... CA FINAL.. " a bank pays to a compant rs 2700 for the f/y 08-09. wt z the amt of tds?? payment-interest payment " |
" |
but interest amt is less than 10,000.
so tds is not attracted
but the sheet is protected yaar
Thank u prakash..................
yes, trinath is correct in this context.......... no tds...........
| Originally posted by :Abhiram Bharat.... CA FINAL.. | ||
| " | a bank pays to a compant rs 2700 for the f/y 08-09. wt z the amt of tds?? payment-interest payment | " |
No matter of TDS because of provision of Rs. 10000/-.
If interest amount exceeds Rs.10000/- then TDS is attracted.
The threshhold under section 194A is for Banking Companies is Rs. 10,000/-.
And Hence, NO TDS would be deducted
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