T.d.s
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 April 2014
Respected experts,
suppose we make a payment of rs.150000 to contractor and deduct rs. 20000 towards expenses reimbursement. so t.d.s should be deducted on 150000 or 130000?
Thanks in advance.
suppose we make a payment of rs.150000 to contractor and deduct rs. 20000 towards expenses reimbursement. so t.d.s should be deducted on 150000 or 130000?
Thanks in advance.
23 April 2014
tds will deducted on total amount credited his a/c .
tds will deductible on rs. 150000/-
tds will deductible on rs. 150000/-
23 April 2014
TDS amount is required to be deducted on Gross amount charged in bill by creditor.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2014
Thank you experts for your valuable reply.
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