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TDS deduction

71 views 2 replies

Madhusudhan Reddy

ca final

55 Points Joined January 2017

Dear all,

Suppose as on 30th April,2017,an vendor provided catering services for an amount Rs. 25,000.I have not deducted TDS for the above.I made the full payment.The same vendor provided catering services for an amount 85,000 as on 30th Nov,2017.Should I need to deduct TDS only on 85,000 or on the amount 1,10,000(85,000+25,000).If it is 1,10,000 ,what should i do as i already made the full payment rs.25,000 for the earlier service.Please resolve my query.

Thanks all

Replies (2)

Guest

In November, tax deducted on total payments due during the year, i.e., 1,10,000. You'll pay 85,000 less TDS u/s 194C or other applicable section on 1,10,000.

Guest

For your earlier payment of 25,000. There was no default as the amount was less than the limit of TDS application.