Tds on contractor
This query is : Resolved
22 August 2013
Dear all ,
we have clearing & forwarding agent. He doing business with us and total business of Rs.68,000/ nw we receive anthor service bill Rs.9000/ nw our agent eligible for TDS u/s 94c.
sir, I am little confuse which amount TDS to be deduct.
total=77,000/ or
Rs.77000- 75000=2000/
or
only 9000/
please help me..
please send any notification or amendment or any link..
thanks & regards,
annu
we have clearing & forwarding agent. He doing business with us and total business of Rs.68,000/ nw we receive anthor service bill Rs.9000/ nw our agent eligible for TDS u/s 94c.
sir, I am little confuse which amount TDS to be deduct.
total=77,000/ or
Rs.77000- 75000=2000/
or
only 9000/
please help me..
please send any notification or amendment or any link..
thanks & regards,
annu
22 August 2013
you have to deduct the TDS on total bill amount
22 August 2013
TDS is applicable on total bill amount
.
.
once threshold limit exceeds tds applicable on total value
.
.
once threshold limit exceeds tds applicable on total value
22 August 2013
Tds to be deducted on gross amount of the bill.
22 August 2013
If Earlier you failed on earlier transaction also please to deduct TDS on whole transactions
22 August 2013
Please refer this link
https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=dadc2247-7782-4dcd-83b8-b1af455583ef&rdb=sec&yr=303d6389-2d18-4432-bdbf-b74822b1a6df&sec=194&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws
https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=dadc2247-7782-4dcd-83b8-b1af455583ef&rdb=sec&yr=303d6389-2d18-4432-bdbf-b74822b1a6df&sec=194&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws
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