Tds applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 October 2012
Assessee: Company
Company is paying amount at the end of the month
For the suppling of daily tea & coffee for there Employees to one of the Small Coffee supplier (Individual)
And the Expenditure it exceeds more than 75000pa whether tds will applicable for this transaction and under which section?
Company is paying amount at the end of the month
For the suppling of daily tea & coffee for there Employees to one of the Small Coffee supplier (Individual)
And the Expenditure it exceeds more than 75000pa whether tds will applicable for this transaction and under which section?
30 October 2012
Hi
TDS will be applicable when aggreagate total payment exceeds Rs.75K.
If one of the ingle bill is more then 30K then on the same TDS is need to be deducted.
Rgds//Vaibhav
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TDS will be applicable when aggreagate total payment exceeds Rs.75K.
If one of the ingle bill is more then 30K then on the same TDS is need to be deducted.
Rgds//Vaibhav
Click thank button to convey your appreciation.
30 October 2012
No need to deduct Tds , It can be argued as sales.
Hemant Kumar
(Expert)
30 October 2012
Yess there will be no need to deduct tds. agree with CA Dileep Surya Kumar.
30 October 2012
Hi
Definately no TDS will be applicable if it is accounted as petty expenses on daily basis.
However if Invoice is submitted by supplier then it calls for audit & TDS will be applicable.
What would have been the situation if vendor operating under canteen facility.
Rgds//Vaibhav
Definately no TDS will be applicable if it is accounted as petty expenses on daily basis.
However if Invoice is submitted by supplier then it calls for audit & TDS will be applicable.
What would have been the situation if vendor operating under canteen facility.
Rgds//Vaibhav
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