Tds
This query is : Resolved
13 January 2015
for e.g if during the year only 1 bill comes from contractor for Rs 32584(29000+3584 service tax) whether TDs is to be deducted on that or not?
13 January 2015
TDS not required to be deducted. TDS should be deducted and threshold limit should be considered on amount excluding Service Tax.
Also keep track of Annual threshold limit of Rs 75000/-. If Rs 75000/- is crossed in the FY then TDS will have to be deducted on total amount.
Also keep track of Annual threshold limit of Rs 75000/-. If Rs 75000/- is crossed in the FY then TDS will have to be deducted on total amount.
Rupesh Jain
(Expert)
14 January 2015
you bill is below rs. 30000/- then no tds required.
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