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

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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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.
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You are payee, hence you are not required to file the TDS return in respect of the said TDS amount.
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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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