TDS related query

245 views
User Avatar

96 Points Posted on 22 March 2021
how much tds Deducted by the company and proprietorship firm give me a some example according to the company and proprietorship and how to calculate.
0 Reply Share Follow
On 22 March 2021 at 12:09 Report
Replies (5)
Quick Summary
This discussion clarifies how Tax Deducted at Source (TDS) is calculated for both companies and proprietorship firms. It provides a practical example showing how TDS is deducted from the gross invoice amount, using professional fees as a case study. The explanation details the calculation process and the resulting net payment.

User Avatar

Chartered Accountant
24588 Points Posted on 22 March 2021
TDS is deducted on Gross value of invoices
Reply
On 22 March 2021 at 12:47
User Avatar

96 Points Posted on 22 March 2021
Please sir give me a some example
Reply
On 22 March 2021 at 13:58
User Avatar

Chartered Accountant
24588 Points Posted on 22 March 2021
Let us take an example of TDS assuming the nature of payment is professional fees on which the specified rate is 10 percent XYZ Ltd makes a payment of 50000 rupees towards professional fees to Mr. ABC, then XYZ Ltd shall deduct a tax of 5000 rupees and make a net payment of 45000 rupees.

50000 deducted by Rs 5000 to Mr. A
Reply
On 22 March 2021 at 14:22
User Avatar

96 Points Posted on 22 March 2021
Thank you so much sir
Reply
On 22 March 2021 at 14:38
User Avatar

5 Points Posted on 23 March 2021
How much TDs deducted on digital signature?
Reply
On 23 March 2021 at 13:54

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Export Compliance
  2. Sale of plots in open land
  3. Income tax query
  4. Best CA Inter coaching in laxmi nagar
  5. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  6. Unregistered Association of Persons (AOP) Agreemen
  7. Intimation u/s 245 of income tax act
  8. Ewaybill query
  9. IDS Refund: GSTR-2B Invoice Not Validated in State
  10. Self assessment tax paid not reflected in ITR2 fil

More recent discussions | Post

Related Topics :

Loading