karan goel (Student CA Final ) (40 Points)
02 April 2017IN PROFESSIONAL FEES PAYMENT THERE IS A 30000 RS LIMIT FOR TDS DEDUCTION,IF FIRST BILL WAS RAISED BY THE PROFESSIONAL OF RS 20000 I PAID HIM 20000 RS WITHOUT TDS DEDUCTION SINCE THE LIMIT WAS BELOW RS 30000, HE RAISED ANOTHER BILL IN THE SAME YEAR FOR RS 40000,NOW AT WHAT AMOUNT I HAVE TO DEDUCT THE TDS ,AT 40000 RS OR 60000 RS ,KINDLY REPLY AS SOON AS POSSIBLE.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160572 Points)
Replied 02 April 2017
On 60,000/-. Total payment during the FY.
CA Vipul
(Senior Auditor)
(94 Points)
Replied 04 April 2017
karan goel
(Student CA Final )
(40 Points)
Replied 04 April 2017
is it necessary to file tds 15g/h form online if last year there was no audit case,but 2 years back the audit was done.also tell is it necessary to deduct tds also for the same.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160572 Points)
Replied 04 April 2017
As for last year the accounts were not audited u/s. 44AB for individual/huf/properietor; the TDS provision for this year not applicable; and hence no question of taking form 15G/H from deductees, or filing it online!!
CAclubindia
