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Tds

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(Querist)
13 January 2015 for e.g if during the year only 1 bill comes from contractor for Rs 32584(29000+3584 service tax) whether TDs is to be deducted on that or not?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
13 January 2015 TDS not required to be deducted. TDS should be deducted and threshold limit should be considered on amount excluding Service Tax.

Also keep track of Annual threshold limit of Rs 75000/-. If Rs 75000/- is crossed in the FY then TDS will have to be deducted on total amount.
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Rupesh Jain

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Rupesh Jain (Expert)
14 January 2015 you bill is below rs. 30000/- then no tds required.
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