Sir
iam working in a hospital as Accounts assistant. i have a small doubt regarding tds. in our hospital we will give some lab tests to outside labs,we will be paying them on monthly basis.
what ever we are paying them, we are treating as expenditure and what ever we are receiving from patients will be included in our Income.
our auditors are saying that tds will attract for the amounts which we are paying to outside labs for tests.
if it is true what is the rate of Tds and can u explain in brief how tds will attract to that payment?
do the Needful.
Kavitha
Dear sir,
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Thank you
sir,
I have received an Invoice from a supplier relation to printing of book let and notice .Cost of the invoice is Rs around 45,000.00 ,but in this bill include kerala vat 5%.I would like to know that whether tds is applicable against this invoice . I have one more doubt if the business transaction is sale mode(vat is collected )tds is applicable or not .
kindly advise the same
Thank&Regards
binu
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Regards
Sandeep
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Regarding tds