07 July 2014
Hello Sir, Please let me know tds applicability on below transaction: We are purchasing sodexo coupons, in the bill mentioned delivery charges and service charges (i.e, Rs 625) on that service tax charged at 12.36%(i.e, Rs 77). Now party has granted lower rate of tds deduction certificate from ITD. Do we needs to deduct lower rate of tds on entire amount (i.e, Rs . 15000) or service and delivery charges amount even if not exceeding limit of 30k and 75k single payment or annually? Please advice.
CAclubindia
