Hi,
I am doing a business as a distributor and registered in SSI Daily Turnover is 1 Lakh Per day, but the profit of the business is only 0.5%.
Can you please guide me how to calculate the TDS.
Regards
Sham
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Income tax calculation for turnover
Replies (4)
What is SSI?
Whose tax you want to deduct?
The turnover, GP details pertain to whom?
Please frame your question properly.
SSI is a registration with Small scale industries
I want how to calculate for my income tax calculation based on the turnover
You can't deduct your own TDS.
The person dealing with you may deduct your tax at source depending upon the nature of transaction. Since you profit is only 0.5%, you may apply for lower deduction u/s 197 of the income tax act.
hi
I need the calculation sheet for computing tds
regards
Shahul
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