Hi!
Please let me know the % of TDS should be deducted for Vendors and also under which section to make payments for taxes.
Regards,
Valli
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 10 February 2010
Ms.Valli
Your question is not clear. Please be clear in your question.
Best Wishes
Sathikonda
Valli
(Student -CWA)
(157 Points)
Replied 10 February 2010
How much TDS rate of % should be deduct for Vendors for their services if the amount exceeds Rs.20,000/-. Which is the section of payment for the above deducted TDS.
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 10 February 2010
Ms.Valli
Please be clear which kind of services?
Best Wishes
Sathikonda
Valli
(Student -CWA)
(157 Points)
Replied 10 February 2010
Hi!
Vendor has performed interior decoration works for the company
Regards,
Valli
Valli
(Student -CWA)
(157 Points)
Replied 10 February 2010
Hi!
Vendor has performed interior decoration works for the company
Regards,
Valli
Amir
(Learner)
(4016 Points)
Replied 10 February 2010
Dear Valli,
The Interior Decorator Service will fall under Professional i:e194J & require Deduction of TDS 10% IN=in case payments in a year exceeds 20,000
Valli
(Student -CWA)
(157 Points)
Replied 11 February 2010
Thank you all for your clarifications
Regards,
Valli