Certificate u/s 197 of it act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2014
there is a payment limit in certificate u/s 197 (ie tds exemption certificate) of IT act.
if bill amount without ST is 1000
ST is 124
total bill is Rs 1124
tds deducted @ 10% on 1000 is Rs 100
net paid is 1024
then what amount should be taken into consideration for the purpose of payment limit for deducting lower tds rate u/s 197 tds exemption certificate.
if bill amount without ST is 1000
ST is 124
total bill is Rs 1124
tds deducted @ 10% on 1000 is Rs 100
net paid is 1024
then what amount should be taken into consideration for the purpose of payment limit for deducting lower tds rate u/s 197 tds exemption certificate.
21 February 2014
given that TDS is anyways not applicable on service tax, you should consider only the without ST amount
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