Tds
I have made a payment of in July of Rs. 70300.00,
Bill not yet received please suggest how much the amount of TDS will be calculated on this.
But other one saying it should be 710.00 so ham confused in the same
TDS shall be deducted on time of payment or credit which ever is earlier.
payment is required to be made after deducting tds.
so tds amount is 70300*1/99=710
????
Assuming Payment is made after deducting tds.
Bill amount=71010
TDS=71010*1/100=710
Payment=71010-710=70300
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