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
- 9060 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 |
what is finalisation of accounts ? what are finalisation of accounts entries ?
Tds Rate for Rent for company.
meaning of accessory for central excise purpose
In advance c form dvat why not showing the amount in form verification
what is Direct and Indirect Tax? can any body tell me with example.
What is calculate of tds
Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)
what is vat?
if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.
hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?
How can we treat sales to Nepal by road. Is it treated as Export ? What are the supporting documents presented to Commercial Taxes Office
About vat, service tax, tds, cenvat
Audit 
