Tds
This query is : Resolved
13 August 2011
DEAR SIR,
FOR CONTRACTORS/SUBCONTRACTORS 20000/- IN A SINGLE BILL 30000 FOR TOTAL BILL EXCEEDS DEDUCT TDS? BUT IF CONTRACTOR PROVIDING BILLS MONTHLY 2500/- 6000/- LIKE THAT. AFTER FEW IT CROSS 30000/- SHALL WE DEDUCT TDS MONTHLY ON 2500/- 6000/-? LIKE THAT
FOR CONTRACTORS/SUBCONTRACTORS 20000/- IN A SINGLE BILL 30000 FOR TOTAL BILL EXCEEDS DEDUCT TDS? BUT IF CONTRACTOR PROVIDING BILLS MONTHLY 2500/- 6000/- LIKE THAT. AFTER FEW IT CROSS 30000/- SHALL WE DEDUCT TDS MONTHLY ON 2500/- 6000/-? LIKE THAT
13 August 2011
Q- FOR CONTRACTORS/SUBCONTRACTORS IN A SINGLE BILL 30000 EXCEEDS.
DEDUCT TDS?
.
REPLY -YES.
.
Q- BUT IF CONTRACTOR PROVIDING BILLS MONTHLY 2500/- 6000/- LIKE THAT. AFTER FEW IT CROSS 30000/- SHALL WE DEDUCT TDS MONTHLY ON 2500/- 6000/-? LIKE THAT
.
REPLY -NO
.
Q- BUT IF CONTRACTOR PROVIDING BILLS MONTHLY 12500/- 16000/- LIKE THAT. AFTER FEW IT CROSS 75000/-
WHETHER TDS IS REQUIRED TO BE DEDUCTED ?
.
REPLY- IN SUCH CASE TDS IS REQUIRED TO BE DEDUCTED ON ALL BILLS EVEN ISSUED EARILIER ALSO. TDS ON EARLIER BILLS CAN BE ADJUSTED IN THE PAYMENT OF BILLS WHICH ARE BEING PAID SUBSEQUENTLY.
DEDUCT TDS?
.
REPLY -YES.
.
Q- BUT IF CONTRACTOR PROVIDING BILLS MONTHLY 2500/- 6000/- LIKE THAT. AFTER FEW IT CROSS 30000/- SHALL WE DEDUCT TDS MONTHLY ON 2500/- 6000/-? LIKE THAT
.
REPLY -NO
.
Q- BUT IF CONTRACTOR PROVIDING BILLS MONTHLY 12500/- 16000/- LIKE THAT. AFTER FEW IT CROSS 75000/-
WHETHER TDS IS REQUIRED TO BE DEDUCTED ?
.
REPLY- IN SUCH CASE TDS IS REQUIRED TO BE DEDUCTED ON ALL BILLS EVEN ISSUED EARILIER ALSO. TDS ON EARLIER BILLS CAN BE ADJUSTED IN THE PAYMENT OF BILLS WHICH ARE BEING PAID SUBSEQUENTLY.
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