TDS limit (20000 Vs. 50000)
This query is : Resolved
Guest
Guest
(Querist)
25 September 2008
What is to be considered as a limit for TDS in below case....?
Say i have transacted with party 'XYZ' during F.Y. 2007-08
I have purchased for Rs. 75000/- from him.
Also i have availed job work service from him for Rs. 15000/-
So whether TDS is to be made on Rs. 15000/- or not.?
Rohit
Say i have transacted with party 'XYZ' during F.Y. 2007-08
I have purchased for Rs. 75000/- from him.
Also i have availed job work service from him for Rs. 15000/-
So whether TDS is to be made on Rs. 15000/- or not.?
Rohit
Vikas Mehta
(Expert)
25 September 2008
Pls. be specific about the service.
25 September 2008
In case these are two different transactions and billed seperately, then the Tax at source is not required to be deducted.
25 September 2008
If he is billing cumulative then whole amount is chargeable under TDS else only job work is chargeable in your case.
**DM
**DM
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