TDS related query

132 views 5 replies
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.
Replies (5)
TDS is deducted on Gross value of invoices
Please sir give me a some example
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
Thank you so much sir
How much TDs deducted on digital signature?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register