Form 140 Gross Amount Reporting When Aggregate TDS Threshold Is Crossed

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....orm 140 Gross Amount Reporting When Aggregate TDS Threshold Is Crossed<br>Query (Issue) Started By: - Rajagopal K Dated:- 25-8-2026 Income Tax Got 0 Replies <br> Income Tax<br>I request views of tax professionals and TDS experts on the following issue under the Income-tax Act, 2025, regarding Form 140. A manufacturing company engages ABC Manpower Services Pvt. Ltd. for manpower supply. The agency ....

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....raises a monthly bill of Rs.20,000. Month Bill Cumulative April Rs.20,000 Rs.20,000 May Rs.20,000 Rs.40,000 June Rs.20,000 Rs.60,000 July Rs.20,000 Rs.80,000 August Rs.20,000 Rs.1,00,000 September Rs.20,000 Rs.1,20,000 Each bill is below the Rs.30,000 single-payment threshold. The aggregate exceeds Rs.1,00,000 in September at Rs.1,20,000. As the contractor is a corporate entit....

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....y, TDS is 2%, making TDS on Rs.1,20,000 Rs.2,400. Issue For the Q2 Form 140 TDS return, what Gross Amount should be reported? Option A – Cumulative: Rs.1,20,000; TDS Rs.2,400. Option B – Q2 Amount: Rs.60,000; TDS Rs.2,400. Under Option B, only July–September payments are reported. The Rs.2,400 TDS represents 2% of the cumulative Rs.1,20,000 after the threshold is crossed. The company's P&L r....

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....ecords Rs.1,20,000 manpower expenditure for April–September. Expert Opinion Requested * Which is correct for Q2 Form 140: Rs.1,20,000 or Rs.60,000? * When the Rs.1,00,000 aggregate threshold is crossed during Q2, does Form 140 require cumulative reporting from April, or only Q2 payments/credits? * If Option B is correct, what is the statutory basis for reporting Rs.2,400 TDS against Rs.60,....

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....000 Gross Amount when the rate is 2%? * If Option A is correct, what provision of the Income-tax Act, 2025, Income-tax Rules, 2026, Form 140, RPU or FVU instructions supports cumulative reporting? * Which method correctly reconciles Form 140 with the Rs.1,20,000 P&L expenditure? Kindly provide an expert opinion based on the statutory provisions and official Form 140/RPU/FVU instructions, citin....

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....g the relevant section, rule or form-field reference wherever possible. The purpose is solely to determine the correct TDS-return reporting methodology when the aggregate threshold is crossed during the quarter.<br>***<br> Discussion Forum - Knowledge Sharing ....