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TDS

1937 views 8 replies

Pandiri Ramu

Business Analyst

613 Points Posted on 28 November 2007

pls clarify

As Invoice pertaing to Mar'07 but the Invoice booked on Nov'07 for this which one is applicable as TDS. i.e. 5.65% or 10.33%

Advance Thanks,

Replies (8)

CA Anil Jain

Chartered Accountant

696 Points Posted on 28 November 2007

The TDS is deducted on due date or payment date whichever is earlier in ur case TDS is being due in nov.07 so TDS will be deductible at the rate 10.33%. iF U Choose 5.65% then U hav to revisethe return & moreover interest will apply.

Pandiri Ramu

Business Analyst

613 Points Posted on 28 November 2007

Thanks for the Information.

CA Anil Jain

Chartered Accountant

696 Points Posted on 28 November 2007

Plz let me know any new information abt TDS.

Guest

459680 Points Posted on 28 November 2007

Can TDS applicable on capital expenditure like as Building costrustion contract ? If yes ,what will hapen in the case of not deducting of TDS.

shyam kishor porwal

Chartered Accountant

183 Points Posted on 29 November 2007

TDS is applicable as on contract and rate is 2%

Guest

459680 Points Posted on 02 December 2007

can any one arrange te notes of ISA , information system audit

Guest

459680 Points Posted on 02 December 2007

we ave developed the website throughh the INDIAMART. com for our business is it business promotion expenditure or advertisement expenditure whether TDS on the payment will be deducted or not at what rate either professoinal rate or advetising rate the payment is of RS. 40000/-

CA Anil Jain

Chartered Accountant

696 Points Posted on 03 December 2007

Plz let me know the tems & Condition of ur Contract/ Work.Whether it is one time contract or otherwise? If it is inthe nature of advertisement contract & amt.is same in all times TDS will be apply @ 1% & surcharges (if applicable 10%)+edu.cess @ 3%.