What is minium bill of TDS Deduction

Example

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


Answer Posted / s.p. yadav

TDS applicable on Minimum Bill amount 20000/ P.A

1 10000/ TDs Not applicable
2. 15000/ TDS applicable (15000+10000) 2%+3% E.Cess
for Main Contractor
3. 7000 on 2% + 3% Education Cess.

Note- in case 1 (10000/-) applicable if a contractor bill
rs. more than 20000/- in a year

For sub contracot & advertising com. 1% + 3 % edu. cess

Is This Answer Correct ?    24 Yes 12 No



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