Tds on contractor

This query is : Resolved 

22 August 2013 Dear all ,

we have clearing & forwarding agent. He doing business with us and total business of Rs.68,000/ nw we receive anthor service bill Rs.9000/ nw our agent eligible for TDS u/s 94c.

sir, I am little confuse which amount TDS to be deduct.

total=77,000/ or
Rs.77000- 75000=2000/
or
only 9000/

please help me..

please send any notification or amendment or any link..

thanks & regards,

annu

22 August 2013 you have to deduct the TDS on total bill amount

22 August 2013 TDS is applicable on total bill amount
.
.
once threshold limit exceeds tds applicable on total value


22 August 2013 Tds to be deducted on gross amount of the bill.

22 August 2013 If Earlier you failed on earlier transaction also please to deduct TDS on whole transactions

22 August 2013 thanks all,

plz refer any link...

regds
annu

22 August 2013 Please refer this link

http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=dadc2247-7782-4dcd-83b8-b1af455583ef&rdb=sec&yr=303d6389-2d18-4432-bdbf-b74822b1a6df&sec=194&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws



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