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Minimum Taxable amount in Withholding Tax

Jan 11, 2017 at 07:25 AM

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Hi Experts,

Can we deduct withholding tax based on current Income Tax rule in 194C

“Where single payment does not exceed Rs. 30,000 or aggregate payment does not exceed Rs. 100,000 “ .Threshold limit is there for aggregate payment, but for deducting TDS when the single invoice exceed a specific limit is not found anywhere in SAP Business One

Expecting your valuable answers

Thank & Regards

Janeesh TG

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