Tds deduction on different bill

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2016 Dear Experts,
I have receipt three different bill of service 25000, 25000, 28000 total 78000
On third bill the threshold limit is being crossed the third bill which i have booked on 30/3/2016 however the payment of first's two bills has already been made to vendor, please tell me which amount and which date will be disclose in TDS statement,

02 April 2016 first of all clear that above payment are liable to deduct TDS. if above are liable to deduct TDS then on last payment you deduct TDS on whole amount which are already paid i.e. Rs. 28000/- you deduct tds of Rs. 1% of 2% on rs. 78000/-

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2016 Sir i have made the TDS liability
On third bill on 30/3/2016 but
the third bill amount is 28000 and i have
made TDS liability of 1% on 78000 my
query is what amount credited and which date
Is to be disclose in TDS statement if credited
amount 78000 and Date 30/3/2016 then on this date i have booked
only one bill of Rs. 28000... plz clarify my doubt..


02 April 2016 Report the earlier payments with respective dates setting y flag.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2016 Sir in TDS return only 78000 credited amount will be disclose or three different amount credit...plz clarify...

02 April 2016 Disclose three different amount setting Y flag for 2 earlier amounts.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2016 Sir what do you means by setting y flag

02 April 2016 Setting Y flag for non deduction of TDS as threshold not reached.


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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2016 Sir.. in TDS return Do i need to disclose only
78000 as credited or three different amount if three how all three amount can be disclose in TDS return...



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