TDS(For Technical Consultanct)

This year(F.Y.2010-11) we have already recived Tecnical Consultancy Fees Bill from Mr. Sujit & Mr. Anupom   which are shown below:

Anupam:

Date                                       Bill Value                         

30/09/10                                14500.00

24/3/11                                 14500.00

Sujit:

Date                                       Bill Value                         

30/08/10                               18000.00

15/03/11                                 11000.00

So we have recived technical consultancy Fees 58,000(Anupam29,000 & Sujit29,000) then can I deducted TDS from Mr. anupam & Mr.Sujit

Replies (4)

 

No tds will applicable because its below from threshold limit of Rs.30000

agreed with pankaj, tds is not to be deducted.

Originally posted by : Pankaj Arora

 

No tds will applicable because its below from threshold limit of Rs.30000

 

 

 

 

regards

Madhusudan

No, TDS will not be aplicable for bouth Mr. Anupam & Mr. Sujit. Because their individual Total Bill Rs.29,000/- each not exceded Rs.30,000/-.

As per finance bill 2010, upto 30.06.2010 Rs. 20,000/- and increased to 30,000/- w.e.f. 01.07.2010.

Regards,

Bikramjit

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