Dear all, what is the limit for payment to consultaion fee
to avoid tds. if it is a company firm. (even it is a 1000/-
shall we have to deduct 10.3%)

Answers were Sorted based on User's Feedback



Dear all, what is the limit for payment to consultaion fee to avoid tds. if it is a company firm. ..

Answer / kamlesh

after 1/7/2010 tds deduct 10% more than 30000/- on total consultancy charge to a single party.
before1/7/2010 it's limit 20000/-

now,
you pay 1000/-
no tds deducted if it is 1st payment to your party.

Is This Answer Correct ?    3 Yes 1 No

Dear all, what is the limit for payment to consultaion fee to avoid tds. if it is a company firm. ..

Answer / shivarama raju

Thank You Very Much Kamlesh

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

TDS is for claming purpose or for filing purpose.

8 Answers  


What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times

0 Answers  


How can entry made if loan transfer from reliance to tata finance

2 Answers   KMS,


HOW CAN I BOOKED RS.200000/ LETTER OF CREDIT(L/C)A/C WITH PARTIES THROUGH BANK IN TALLY.

1 Answers  


fill in the Blanks Senior citizens are exempted from Taxes if their income falls below______________

2 Answers  






EXPAND_________VIT

1 Answers  


Fill in the blank Losses Capital

1 Answers  


How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer

0 Answers   Accenture,


I am a new person to Accounting but i want to learn it. Pls help me by sending BASICS Information,reference books and websites.

1 Answers  


What are the types of journal categories available in the Oracle AP?

0 Answers  


explain liquidity Damages?

2 Answers   Bhel,


what is content of purchase order?

1 Answers  


Categories