thatnk you sir,
when we caluClate TDS
we need to consider following slab rate is it right?
ie 250000 -nil
250000-500000-10%
500000-1000000-20%
on thease slab rate I followed so for. now only i understood for 2% and 1% , now tell me
how should I consider , which percentage comes that particular amount
thatnk you sir,
when we caluClate TDS
we need to consider following slab rate is it right?
ie 250000 -nil
250000-500000-10%
500000-1000000-20%
on thease slab rate I followed so for. now only i understood for 2% and 1% , now tell me
how should I consider , which percentage comes that particular amount
i mean that , how can we consider that particular percentage applies , or how shoul we aplly that 1% or 2% or 3% on that invoice
Dear Mr Nithesh,
Response to Slab rates doesn't apply here.
I think there is a slab rate accordingly Payment to contractors/ sub- contractors are.
1. Single bill (value excluding of service tax) crosses above Rs.30 K from that particular vendor.
2. Aggregate Rs.75 K (value excluding of service tax) pertaining for the whole financial year from that particular vendor.
with regards,
R A NAIDU
you are required to deduct tds @ 2% when payment is paid to corporate assessee
@ 1% if paid to individual or HUF.....
and tds must be levied only on original amout.so 65000*2%=1300 ( if single payment exceed 30000,if agreegate amt exceeds 75000)
Thank u for replied ,
But can you say, how can we consider for this invoice does aplly slab rate, and this invoice does not apply slab rate , this is i aften confused , please can you clarified ?
there is no need to aplly slab rates to those invoices which are libile to tds
there is no need to aplly slab rates to those invoices which are libile to tds
CAclubindia
