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Tds

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25 September 2015 Sir,
I am doing part time accounts/Sale Tax etc. work in a proprietorship Firm and a Pvt. Ltd. Co. I am taking Total of Rs. 36000/- Per annum (3000 x 12) from each firm. Each of Them has deducted Rs. 3600 from my bills as TDS and given TDS certificate to me for Rs. 3600.

I want to know that is it compulsory to deduct TDS from my bill or not?

I am filing ITR also. My Annual Income is Apx. Rs. 3.25 Lacs.

Thanks.

Please reply.

25 September 2015 Yes. TDS is Applicable as annual Payment is more than 30000.

However you may apply for lower deduction certificate from your AO



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