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Tds enquiry

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We are service providing comopany & we have taken professional consultancy from outside sum of Rs.32060/- including service tax.& these service is taken only once in year.is TDS applicable for these job
Replies (3)

Threshold limit for TDS u/s 194J is Rs. 30,000/-, so if Basic amount i.e. excluding service tax is less than 30,000/- in a year then no need to deduct tds.

What is current income tax rate for company for the year 2015-16?  (30% or 25%).

Is cenvat credit taken on actual payment basis or Invoice basis??

 

Its 30% Cenvat credit is always availed on invoice basis.


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