Tds

This query is : Resolved

naresh (Querist)
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03 January 2015 dear sir,
I am working in Private limited company as accountant. Our one of the client gave us TDS exemption certificate U/s 194J @1.17% valid from 2.5.2014 to 31.03.2015 Amount Rs. 3968146/-. We booked bill of Rs 5168756/- in the month of May 2014 of said client. Shall we deducate TDS @1.17% on full amount i.e. Rs. 5168756/- or upto Rs. 3968146/- & balance to be deducate @10%.

Amol S Joglekar

Amol S Joglekar (Expert)
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03 January 2015 1.17% till 3968146

Above that 10%

Rupesh Jain

Rupesh Jain (Expert)
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03 January 2015 no you can deduct on the amount mention in certificate. after that you have to deduct the normal rate of TDS.

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