Lower rate of tds applicability
This query is : Resolved
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.
Thanks
S Mayur
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.
Thanks
S Mayur
07 July 2014
Dear shrishai...as limit has not been crossed.no need to deduct TDS. for further clarity u may call on 9911563098
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