suppose abc pvt ltd is transport company and the freight expense in my ledger is 50000 i.e 10000 of 5 bill
and now in january 35000 of bill is come now we cut to tds on only 35000 or on full amount i e 85000
please rply correctly
3 Replies
PRAKASH RATHORE
(Student Cum Accountant )
(227 Points)
Replied 19 March 2019
on Singal bill of rs 35000
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 19 March 2019
as of now TDS has to be deducted only on 35000 but in case if the gross payments exceeds 100000 by 31st March then you need to deduct on the entire amount
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