TDS on freight paid

Is there is any minimum limit for deducting tax on Freight

for example : If freight charges are Rs 5000. Then we will deduct the tax or not?

 

 

Replies (4)

limit is 20000 per bill and 50000 overall per year.

I have 2 doubts

1.) A partnership firm having turnover of Rs. 19 Lakhs, but on 31-3 there is a net loss then whether tax audit is mandatory.

2.) return filed on 31-07-2008 of A.Y. 07-08 then what is the time limit for issuing the notice for scrutiny, cause we have received notice in this month.

 

 

 
" I have 2 doubts
1.) A partnership firm having turnover of Rs. 19 Lakhs, but on 31-3 there is a net loss then whether tax audit is mandatory.
2.) return filed on 31-07-2007 of A.Y. 07-08 then what is the time limit for issuing the notice for scrutiny, cause we have received notice in this month.
 
 
"


 

earlier by mistake written 2008

1) tax audit is not mandatory for you

2) notice can be issued till end of 1 year from end of assessment year

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