Interested to Buy Any Domain ? << Click Here >> for more details...
If suppose we wrongly deduct the TDS on professional fees
then what to do?
- 2 Answers
- 9994 Views
- I also Faced
- E-Mail Answers
Answer Posted / tarun
if professional Fees Exceed more than 20000/- of
partly/lupsum payment.then liable to be deducted for TDS,but
as per your question you are wrongly deducted tds
then,,check total amount paid to professional fees and which
amount deducted by you. if tds amount less than from
deductable amount then you can deducted tds next paybale
amount.if you are already deducted more than actual TDS
amount then no issue.it is safe point of you.it is refund
taken by professional then submit return. professional fees
rate(10%.if future you can't contact professinal then you
can demand short TDS amount and it will be refundable by
income tax department when he/she submit return
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.
how much TDS required in telecommunication services ? Any types of Telecommunication, provider or services receiver
IF WE ARE WORKING IN PHARMA COMPANY & I SEND THE MEDICINE SAMPLE TO THE SALSMAN IN VARIOUS PLASE OF INDIA THAT TIME MADE INVOICE OR ANY OTHER CHALLN OR RECIEPT WHAT AS PER LAW ANY TAX APPLIED IN THE INVOICE & WHICH FORM WILL BE REQUIRED HOW TO GET IT, PLEASE GIVE ME DETAIL ALL INFORMATION WITH EXAMPLE & WHAT ENTEY OF THIS TRANSATION IN BOOKS OF ACCOUNT
What is difference between Contract and legel and legel and profession service???? I had face this question in interview
DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?
In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap
if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
What is CAARO?
#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY
i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.
which is the first liability for pay Service Tax to GOvt
what is procedure of calculation of TDS by bank?
What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?
WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?
How do I get a C form with the bank Guarantee?
