Tds 94c
Querist : Anonymous
We had some Tyre repairing work , where tax invoice given by vendor are as :
Goods supplied Rs, 12,000/-
Labor Rs. 3,500/-
Ser. tax. Rs. 306.50/-
Total bill Amt. Rs. 15,806.50/-
Que.- On what amount we are required to deduct TDS (if total bill amount of vendor during the year More than Rs. 75,000/-) & at what rate (vendor is co.)
Thanks
Rahul
Querist : Anonymous
As mentioned in Sec. 194C if "the aggregate Amount of such sum credited or paid during the F.y. exceeds rs. 75,000/-", it means wile calculating the limit of Rs. 75,000/- we have to consider the gross bill amount , in the present case it is Rs. 15,806.50/-
Pls suggest whether I an correct ?
Thanks again
Rahul
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