Tds

This query is : Resolved 

24 August 2011 dear sir

we have a vendor who provide lunch to staff on regular basis who's monthly bill around Rs 70000. should deduct tds on the bill or not please clarify.

24 August 2011 Since the same is on a contract basis and the value exceeds 50000. So you should deduct TDS @ 1%.

24 August 2011 In my view TDS is not applicable as the case relates to sale of Food.




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