pls clarify
As Invoice pertaing to Mar'07 but the Invoice booked on Nov'07 for this which one is applicable as TDS. i.e. 5.65% or 10.33%
Advance Thanks,
8 Replies
CA Anil Jain
(Chartered Accountant)
(696 Points)
Replied 28 November 2007
The TDS is deducted on due date or payment date whichever is earlier in ur case TDS is being due in nov.07 so TDS will be deductible at the rate 10.33%.
iF U Choose 5.65% then U hav to revisethe return & moreover interest will apply.
CA Anil Jain
(Chartered Accountant)
(696 Points)
Replied 28 November 2007
Plz let me know any new information abt TDS.
shyam kishor porwal
(Chartered Accountant)
(183 Points)
Replied 29 November 2007
TDS is applicable as on contract and rate is 2%
CA Anil Jain
(Chartered Accountant)
(696 Points)
Replied 03 December 2007
Plz let me know the tems & Condition of ur Contract/ Work.Whether it is one time contract or otherwise?
If it is inthe nature of advertisement contract & amt.is same in all times TDS will be apply @ 1% & surcharges (if applicable 10%)+edu.cess @ 3%.
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