banner_ad

Tds on contract

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 August 2014 SIR I'M DOING AUDIT OF A FIRM IN WHICH TDS DEDUCTED ON A PARTY IS 2% AS PER CONTRACT BUT IN SOME CASES RATE DIFFERS TO 0.5%.SO HOWS IT POSSIBLE THAT ONE PARTY DEDUTES FROM 2 DIFFERENT RATES UNDER SAME SEC.
AS PER ACCOUNTANT THERE IS TDS CERTIFICATE PROVIDED BY PARTY SO ACCORDINGLY TDS @ 0.5% IS DEDUCTED.
SO PLEASE GUIDE ME ABOUT ABOVE QUERY.
Profile Image

pranav

Profile Image

pranav (Expert)
13 August 2014 It will b mistake and u have to reportit inqueryshtt yorca
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
13 August 2014 it is possible due to if vendor obtained the certificate for income tax deptt. for lower deduction rate . in which amount and rate and your name also mention.
Profile Image

Sarthak Mishra

Profile Image

Sarthak Mishra (Querist)
14 August 2014 Ya sure lower tds has been deducted. Due to tds certificate but one the other transaction tds has been deducted @ 2%..my ques is how it is possible to deduct tds at two different rates however he contains tds certificate for it department.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details