Tds on salary

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Hello sir ..my self virender working as a account assistant from last 3 year..Actually i have a confusion about tds on salary of employee if the employee salary is not crossed threshold limit then how we provide him form 16 and if any employee salary cross tds limit than what the precaution we use to take by which we take employee in a situation of non deduct tds on salary.....plz sir help me

Replies (8)

1. Issue salary certificate for the particular year.

2. Take declarations of investments made u/s. 80C as deductions.

thanku sir...sir plz tell me why we not deduct tds on carriage inward....

 TDS u/s. 194C is not applicable where such contractor owns ten or less goods carriages at any time during the previous year and furnishes a declaration to that effect along with a copy of PAN.

sir that concept i know but i want to know why we are not deduct tds on carriage inward in a cage of transport is more than 10 good carriage

If you fall under 44AB then you are liable to deduct TDS, Otherwise we do not deduct TDS

Payment to transporter comes under Section 194C, so If single bill above 30000 or aggregate amount 1,00,000/- .TDS liability arises. 

So if it doesnt cross 1,00,000/- in total or single bill Rs.30000/- then we do not deduct TDS to such transporter, even though he may have more than 10 vehicles.
 

sir all that suggestion or fact u give me thanku for that but i want to know that sir

is tds applicable on carriage outward or its also apply on carriage inward...bcz someone tell me that carriage inward is a contract between transporter and seller so we are just reimburse the amount as a freight thats tds not applicable now plzzzz clear my doubts..................

TDS applicable for any transportation charges paid to trasporter having more than 10 vehicles, inward or outward charges, u/s. 194C; when the threshold limit exceeds. If the seller has paid the transportation charges, he is liable for TDS deduction!! Where is your stand in that?

THNAKU SIR THANKS A LOT .....


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