Tds on contractor

This query is : Resolved

Anu Verma (Querist)
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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

CA UMESH DULAL

CA UMESH DULAL (Expert)
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22 August 2013 you have to deduct the TDS on total bill amount

Ganeshbabu K

Ganeshbabu K (Expert)
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22 August 2013 TDS is applicable on total bill amount
.
.
once threshold limit exceeds tds applicable on total value

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 August 2013 Tds to be deducted on gross amount of the bill.

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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22 August 2013 If Earlier you failed on earlier transaction also please to deduct TDS on whole transactions

Anu Verma

Anu Verma (Querist)
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22 August 2013 thanks all,

plz refer any link...

regds
annu

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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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