if i paid a person 99000 from 1 april to 30 dec.
and then paid 10000 on 1 jan.
tds will be calculated on whole amount from beginning (or) only the difference amount ..
Menu
Tds limit to deducted
Replies (3)
Quick Summary
TDS Amount will be calculate on whole amount from beginning.
TDS will be deductible on Whole amount from 1st April...
TDS will be deducted on previous 99000/- amount alongwith TDS on 10000/- Payment.
There won't be any question for late TDS deduction or failure to deducts TDS earlier.
However the fact you will have to put forward when asked.
Suppose contract value itself is for 125000/- and then you can not say non-deduction was a valid.
There won't be any question for late TDS deduction or failure to deducts TDS earlier.
However the fact you will have to put forward when asked.
Suppose contract value itself is for 125000/- and then you can not say non-deduction was a valid.
Recent Topics :
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
Related Topics :
CAclubindia
