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What is minium bill of TDS Deduction

Example

If Contractor give us 1st Bill - 10000/-
2nd Bill - 15000/-
3rd Bill - 7000/-


Answers were Sorted based on User's Feedback



What is minium bill of TDS Deduction Example If Contractor give us 1st Bill - 10000/- 2nd Bil..

Answer / vasant

Tds deduct from main contractor bill 2% and sub contractor 1%

Tds no deduct limit upto  rs.30000/- 
And yearly 75000/-

Is This Answer Correct ?    1 Yes 0 No

What is minium bill of TDS Deduction Example If Contractor give us 1st Bill - 10000/- 2nd Bil..

Answer / surendra

1st bill = 10000 not deducted
2ed bill = 15000 deducted total of (10000+15000)=25000*2%
=500/-
3rd bill = 7000 deducted 7000*2% =140/-

casee is not alloud on dated 1 oct 09
more information visit income tax sides

Is This Answer Correct ?    6 Yes 7 No

What is minium bill of TDS Deduction Example If Contractor give us 1st Bill - 10000/- 2nd Bil..

Answer / dinesh aicwa

DEDUCT 2% on each bill - if it is contractor

Is This Answer Correct ?    5 Yes 8 No

What is minium bill of TDS Deduction Example If Contractor give us 1st Bill - 10000/- 2nd Bil..

Answer / rekha

In a constraction of building for a contractor we have to
pay 11.33%


so total of all 3 bills we have to deduct 11.33%

Is This Answer Correct ?    13 Yes 31 No

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