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TDS limit (20000 Vs. 50000)

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Guest

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Guest (Querist)
25 September 2008 What is to be considered as a limit for TDS in below case....?

Say i have transacted with party 'XYZ' during F.Y. 2007-08

I have purchased for Rs. 75000/- from him.
Also i have availed job work service from him for Rs. 15000/-

So whether TDS is to be made on Rs. 15000/- or not.?

Rohit
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Vikas Mehta

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Vikas Mehta (Expert)
25 September 2008 Pls. be specific about the service.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
25 September 2008 In case these are two different transactions and billed seperately, then the Tax at source is not required to be deducted.
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
25 September 2008 If he is billing cumulative then whole amount is chargeable under TDS else only job work is chargeable in your case.

**DM

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