Tds
This query is : Resolved
14 February 2013
on labour bill we are deducted 2% tds but i want to know that which is the exempted amount. it is 0 or 20000.
CA Parul Saxena
(Expert)
14 February 2013
Rs.35000 for a single payment and Rs.75000 for payment in aggregate in a year.
CA Prashant Gupta
(Expert)
14 February 2013
if one bill is more than 30000 then from first bill tds applicable
but if bills are less, then when agregate cross 75000 then TDS will be applicable
but if bills are less, then when agregate cross 75000 then TDS will be applicable
CA Parul Saxena
(Expert)
14 February 2013
ya correct i mistakenly mentioned 35000. It is 30000 infact.
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