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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%)
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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.
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