lower rate tds certificate
This query is : Resolved
19 March 2008
RESPECTED MEMBERS
company(co.) make payment of hiring chg and deduct tds u/s 194 i but party obtain lower rate certificate @ 2% contain total billing is rs 25,00,000 deduct tds according to taht but now at end of march my billing gose to rs 34,00,000 then this additional amt rs 9,00,000 how much co. want to deduct.
co will liable to deduct at 2% or 15% on additional 9,00,000 .
REGARDS
SM MAKWANA
company(co.) make payment of hiring chg and deduct tds u/s 194 i but party obtain lower rate certificate @ 2% contain total billing is rs 25,00,000 deduct tds according to taht but now at end of march my billing gose to rs 34,00,000 then this additional amt rs 9,00,000 how much co. want to deduct.
co will liable to deduct at 2% or 15% on additional 9,00,000 .
REGARDS
SM MAKWANA
20 March 2008
15% on additonal Rs. 900000
20 March 2008
Mr.pushpendra is correct
20 March 2008
15%
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