TDS
This query is : Resolved
01 July 2010
what is calculation of tds on running bill
example-suppose a bill from party in f.y a 1 st-18000, 2nd -25000, 3 rd-50000, 4th-65000, total consist in f.y=158000/-
tds limit of contractor is rs=50000/-
so what is the calulation of TDS?
example-suppose a bill from party in f.y a 1 st-18000, 2nd -25000, 3 rd-50000, 4th-65000, total consist in f.y=158000/-
tds limit of contractor is rs=50000/-
so what is the calulation of TDS?
Shyam Lal Naik
(Expert)
01 July 2010
194 C. Assumed rate 2%
1st bill exempt
The 2nd bill is >20K. TDS on cumulative amount deductible. 2% on Rs. 43,000/-
3rd and 4th bill, tds TDS usually.
1st bill exempt
The 2nd bill is >20K. TDS on cumulative amount deductible. 2% on Rs. 43,000/-
3rd and 4th bill, tds TDS usually.
01 July 2010
Agreed Mr. Naik.
Single bill cross 20 K or total billing cross 50 k whichever is earlier.
TDS is to be deducted.
Single bill cross 20 K or total billing cross 50 k whichever is earlier.
TDS is to be deducted.
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