Tds
This query is : Resolved
10 October 2015
Dear Sir,
One vendor has supplied material value of Rs.5,00,000.00 (Approx)in the F.Y. - 2015-16 and in the same financial year he has given a manpower supply bill of Rs. 25,000.00 (Assume that the vendor will not give any manpower supply bill in this financial year)
Should I deduct TDS from his manpower supply bill?
One vendor has supplied material value of Rs.5,00,000.00 (Approx)in the F.Y. - 2015-16 and in the same financial year he has given a manpower supply bill of Rs. 25,000.00 (Assume that the vendor will not give any manpower supply bill in this financial year)
Should I deduct TDS from his manpower supply bill?
10 October 2015
No. TDS not required to be deducted u/s 194C since threshold limit has not been crossed. For determining threshold limit value of supply of material will not be considered as the same does not attract provision of section 194C.
10 October 2015
No TDS applicable as it is less than the thresh hold limit of 30,000.
10 October 2015
No need to deduct TDS.
Raw material bill is not a service it is not covered under TDS provisions.
Second bill of rs 25000 rs is within the limit of RS 30000 single bill payment and rs 75000 per annum.
So neee to deduct TDS at all
Raw material bill is not a service it is not covered under TDS provisions.
Second bill of rs 25000 rs is within the limit of RS 30000 single bill payment and rs 75000 per annum.
So neee to deduct TDS at all
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
