Regarding deduction of tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2015 A Company raised an Invoice of Rs.11,400/- (Rs.10,000/- and 14% Service Tax) on another Company. Is the other Company, when making payment, required to deduct TDS on whole amount of Invoice (Rs.11,400/-) or on the chargeable amount (Rs.10,000/-)?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 August 2015 for what purpose the payment was done is not mentioned.

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2015 The transaction is in the form of a service rendered by logistics company.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 August 2015 If aggregate payment during year does not exceed rs 75,000 or a single transaction does not exceed rs 30,000 then no tds applicable under sec 194C

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