Confusion in tds deduction
This query is : Resolved
Rakesh Sharma
(Querist)
17 December 2014
One of our contractor have raised the following invoices:-
1) Rs. 15200/- on dtd. 05-08-2014
2) Rs. 7700/- on dtd. 11-11-2014
3) Rs. 30100/- on dtd. 15-12-2014.
On which amount we have to deduct TDS.
One more thing I want to know that if we assume that no future transaction will be made with this contractor, then what will be the scenario.
Waiting for respected expert's reply.
1) Rs. 15200/- on dtd. 05-08-2014
2) Rs. 7700/- on dtd. 11-11-2014
3) Rs. 30100/- on dtd. 15-12-2014.
On which amount we have to deduct TDS.
One more thing I want to know that if we assume that no future transaction will be made with this contractor, then what will be the scenario.
Waiting for respected expert's reply.
CA R SEETHARAMAN
(Expert)
17 December 2014
Deduct TDS on third bill only.
Rupesh Jain
(Expert)
17 December 2014
TDS WILL DEDCUT ON THIRD BILL. IF NO FURTURE TRANSACTION NO TDS REQUIRED.
17 December 2014
since the 3rd bill is exceeding the threshold limit then deduct tds on it
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