Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2013
Dear Sir,
We provide service to a company of Rs.1,00,00,000 and charged service tax 12.36% now how much that company deduct TDS from our bill and we are having low TDS certificate under section 149J (0.2%) and how we can file our tds return.
Please let me know the process
Ranjan
We provide service to a company of Rs.1,00,00,000 and charged service tax 12.36% now how much that company deduct TDS from our bill and we are having low TDS certificate under section 149J (0.2%) and how we can file our tds return.
Please let me know the process
Ranjan
CA PARAS BAFNA
(Expert)
09 June 2013
The company will deduct TDS on your entire bill amount @ .2 % provided you furnish the Low TDS certificate before the Payer Company.
.
You are payee, hence you are not required to file the TDS return in respect of the said TDS amount.
.
However, if you are also deducting TDS of others to whom you are making payments liable to TDS, you have to deposit the TDS amount monthly and have to file the E-TDs returns quarterly.
.
.
You are payee, hence you are not required to file the TDS return in respect of the said TDS amount.
.
However, if you are also deducting TDS of others to whom you are making payments liable to TDS, you have to deposit the TDS amount monthly and have to file the E-TDs returns quarterly.
.
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