Hello Professional Friends,
We all know that there is limit of Rs.5,000/- in deducting tax from Commission payment.
The deductor is a Private Limited Company.
So my question is-
Shall we check this limit every year? (We shall not deduct tax till limit does not exceed Rs. 5,000/-
or
if once Tax has been started deducting in one year then in next year we shall deduct tax from the payment of very first Ruppe?
CAclubindia
