Interested to Buy Any Domain ? << Click Here >> for more details...
we are deducting tds for our clients under section 194C
section. exemption under this section is Rs.20000
suppose if a client bills more than Rs.20000, then i have
to deduct tds only for above Rs.20000/- bills or from the
first bill onwards.please clear me with as example
- 2 Answers
- 8843 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
exemption means, if client bill will be less tnan Rs 20000
for a year then pls do not deduct tds. if it is more than
Rs 20000 then deduct TDS on full value. (there as such no
exemption on TDS, this limit Rs 20000 is only for whether
to deduct TDS or not)
TDS has to be deducted on full value ie do not reduce Rs
20000 from bill. if bill is Rs 25000 deduct TDS on 25000 ie
2% on 25000 & not 2% on 5000 (25000-20000)
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / rajat rastogi
if you paid more than 20000 to your clients in a financial
year you have to deduct tds from the first bill
onwards.suppose you have to pay the party of rs 30000 then
the tds amount will be 30000*2%= 600
you have to pay party= 30000-600= 29400.
| Is This Answer Correct ? | 11 Yes | 0 No |
can anybody provide me the format of PF & ESI with the rate chart.
what is the full rate of cst/vat of building material ?
Hi, can you please confirm, what should be the rate of TDS when, I will pay revenue share to a domestic company ?? Tx Buddha
assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose
please explain me brifly procedure of monthly tds filling
pls define central sales tax , how will show in invoice a cst rate on interstate sales with-out c -form and against c form . clear it
cst rates
Which goods is Excisable.
What is service tax?how deduct service tax?
if i allow to deduct tds to another company from my income, in which situation i can getback from govt. is it possible to get back this tds amount?
how we issue the road permit to seller for receiving the rearing material
What is WCT? On Which it is calculated?
Audit 
