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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/-
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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 |
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 |
DEDUCT 2% on each bill - if it is contractor
| Is This Answer Correct ? | 5 Yes | 8 No |
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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Audit 
