Tds

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pvsrikanth (Querist)
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13 August 2011 DEAR SIR,

HOW TO GET THROUGH KNOWLEDGE ON TDS? WHILE MAKING PAYMENTS I AM COFUSING WHETHER TDS APPLICABLE OR NOT?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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13 August 2011 Refer the important TDS section in section 194 and visit www.tin.nsdl.com for tds payment & returns procedures

also you can download & refer the helpful files for TDS in files section

Ravi Jhamb

Ravi Jhamb (Expert)
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13 August 2011 There are four sources of Tds:- salary, Rent, Professional service, commission,Contract. All these based on services. If the supplier is charging service tax. Then you should deduct TDS as per their service. You can't charge TDS on consumable goods which cover under VAT.