Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

if we have amc any vendor 25,000 pa. should we deduct TDS

Answer Posted / salimmalik

NO. As per Sec 194C of Income tax act 1961 the cut off
amount is Rs. 30000/- and Where the aggregate of the amounts
paid/credited or likely to be paid/credited to Contractor or
Sub-contractor exceeds Rs.75,000 during the financial year,
TDS has to be deducted.

Is This Answer Correct ?    8 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is calculate of tds

1996


If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??

1529


While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks

2519


WHAT IS TAXATION?

2349


Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.

2124


HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,

2620


we have paid excess tds amount in 194I 27000/- for f.y.2017-18 now can we adjust the same in upcoming month 2018-19?

1389


WHAT IS THE PROVISION FOR NET PROFIT & LOSS IN PVT LTD CO & LTD CO GIVE ME THE EXAMPLE WITH ENTERY ON MY EMAIL sonidilip87@yahoo.com

1959


if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?

1837


What is income tax? How is it calculated?

1143


How can deduct tds from auction cases (timber)

2017


What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?

9065


What are the streamlined sales and use tax agreement?

1106


Define the term "Manufacturer"as introduced in finance act2010.

2104


hi how can we know and how to caulata pf. caucaltion of diffrent copany how much rate of pf deducted by company which is the best site to know our pf information

1930