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Tds

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(Querist)
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.
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
24 August 2011 Since the same is on a contract basis and the value exceeds 50000. So you should deduct TDS @ 1%.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 August 2011 In my view TDS is not applicable as the case relates to sale of Food.
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