TDS
This query is : Resolved
Quick Summary
11 February 2021
Dear sir/Madam,
I have one doubt regarding deduction of TDS .
one of my Vendor Submitted Lower deduction certificate for deduction of TDS upto Rs 5.5 Lakhs TDS Rate will be 0.20%
here vendor is raised one invoice Basic 1.8 Lakhs+gst 32.4K=212.4K.
and another invoice is raised for Rs 4 Lakhs+gst 72K=472K.
while calculating tds amount on how much amount Lower rate will be applied (i.e 0.20%) and on how much amount Normal rates will be applied (0.75% or 1.5% as per sec 194C)
Please Reply me as early as possible
Thanks in advance,
Regards,
Bheema Reddy.
I have one doubt regarding deduction of TDS .
one of my Vendor Submitted Lower deduction certificate for deduction of TDS upto Rs 5.5 Lakhs TDS Rate will be 0.20%
here vendor is raised one invoice Basic 1.8 Lakhs+gst 32.4K=212.4K.
and another invoice is raised for Rs 4 Lakhs+gst 72K=472K.
while calculating tds amount on how much amount Lower rate will be applied (i.e 0.20%) and on how much amount Normal rates will be applied (0.75% or 1.5% as per sec 194C)
Please Reply me as early as possible
Thanks in advance,
Regards,
Bheema Reddy.
25 September 2021
Upto 5.50 lakhs @ lower rate 0.20%
Remaining 0.30 lakhs at normal rate. GST excluded from TDS deduction, when charged distinctly.
Remaining 0.30 lakhs at normal rate. GST excluded from TDS deduction, when charged distinctly.
06 November 2021
Thank you so much sir.
06 November 2021
Most Welcome ..
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