Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 Prof Fees ------ Dr 200000
Service tax Set off----- Dr-24720
Tds pn Prof Fees ----- Cr 14380
To A Ltd -----Cr 210340

In above case tds deducted @7.19% as we have recd Lower deduction certificate from the party . As per Certificate limit is Rs. 200000/- & rate is 7.19%
So while applying lower rate , what limit is to be consider Prof Fees excluding ST or including ST ???

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 it should b excluding ST...

What line is written in the certificate.... like payment upto or bill amount upto

Stil wait for some more expert comments

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 payment or credit the amount to the extent of Rs. 200000

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