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TDS

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(Querist)
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.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
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.
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K BHEEMA REDDY

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K BHEEMA REDDY (Querist)
06 November 2021 Thank you so much sir.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
06 November 2021 Most Welcome ..
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