TDS

Dear Shirinivas,

TDS Is to be deducted on 55,150 except if it a payment on a/c of Rent u/s 194 I

ya amir is correct.

tds should be deducted on Rs.55150 at the time of payment

100% agree with aamir

u dedudct tds on gross amount- 55150

yes tds is deductable on rs 55150. if this payment is belongs the nature of rent so tds is not deductable. because in case payment of rent , if payment is rs. 120000 or more than tds is deducted u/s 194I.

please tell me the more details of type of service

Originally posted by : obulesu
	please tell me the more details of type of service

Service is professional & technical services.
 

TDS except in case of TDS on rent (u/s 194I) is deducted on gross bill amount. So it will be deducted on 55,150/-. For this a circular has already been published in 2008.

Amir is correct