TDS on?

Dear

Net payble is 65000.00

the ceiling limit is 30000 per payment & 75000 in agreegate,it is not the exempted limit.So on the whole amount TDS is to be deducted.As in the earlier payment u didnt deduct tds then deduct on the subsequent payemnt made by u,& deposit the same with the dept with interest. 

65000 is the net amount payable. because you received a single invoice of 100000

You have to pay Rs 65,000/- to the professional.

Mr. Sameer,

Its section 194J, there is no threshold limit of Rs. 75,000/- in this case.

thx for correction,

it is 194j not 194c

THANK FOR SUGGESTIONS TO ALL,

But I have no clear doubt  TDS Amount RS.2500/-deposit  last date is 7^th March  so its become late & I  want each & every  things information about TDS so which source is  used to get  the full details of TDS ?

Regards,

Seema

You have to deduct TDS on Full amount of Rs. 1,00,000/-. From Rs. 75000/- .

Net Payment Is Rs. 65000/- & TDS is Rs. 10000/-.

No Late Payment Interest Need to pay  on Rs 2500/-. Because TDS need to be deducted once thresehold limit cross. You cross Thresehold limit  while yo making balalnce payment of Rs. 75000/-..

Originally posted by : Seema.M
	Hi,  Suppose, Professional Charges Total  Bill Of Rs1,00,000/-  Rs.25,000/- given as advance without TDS deduct because amount less than Rs.30,000/- as on 8th February to the party before Invoice received . As on 15th March Invoice received & remaining amount   paid of Rs.75,000/- Less 10% TDS Rs.7500/- = Net Amount Payable Rs.67,500/- IT IS CORRECT ?? YA TDS is calculated n Total Bill Of Rs.1,00,000/- Total Amount Payable Rs.75000/- (Less) 10% TDS RS.7500/- (Less)10 % TDS RS.2500/-= Net Amt Payable Rs.65000/- Ie. TOTAL TDS AMOUNT OF RS.10000 Previous TDS Amount   RS. 2500/- but the problem is TDS Amount RS.2500/-deposit  last date is 7th March So I am Confused ?  Net amount payable of Rs.67,500/-  OR Rs.65,000/- ?   Regards, Seema.M

Net amount payable will be 65,000/- only , due date for TDS deposit will be 30th April for any date of march month and no interest will be there on payment of Rs. 25,000/-