TDS Deduction
This query is : Resolved
16 May 2011
Dear Sir,
We received 3 bills from contractor (1)for Rs.15000/- (2) for Rs.15000/- (3) for Rs.30000/-. Kindly tell me if we will deduct TDS on all bills total or just on the bill for Rs.30000/-
We received 3 bills from contractor (1)for Rs.15000/- (2) for Rs.15000/- (3) for Rs.30000/-. Kindly tell me if we will deduct TDS on all bills total or just on the bill for Rs.30000/-
16 May 2011
yes you will deduct tds this bill beacause one time of payament limit 30000/- or 75000/- full year total payment
16 May 2011
On none of the bills as threshold limit is Rs 30000/- for Single bill which is not crossed neither the total has crossed Rs 75000 p.a.
So TDS not required to be deducted.
So TDS not required to be deducted.
16 May 2011
Thanks Nayan ji and Sanjay ji, I also think neither 30000/- crossed nor 75000/-crossed. so there should not be any TDS.
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