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A is raise a bill to B of amt. 25000/
At the time of payment B will be deduct the TDS from which
rate.This bill raised first time to B By A.
Trilok Sharma
(Vigneshwara Developers)
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Answer Posted / manoj
TDS will be deducted when the payment made is above the
ceiling prescribed. In the question u have not mentioned
what is the nature of the transaction is.. For the 1st
timers also u need to deduct the TDS if ur following manual
system of accounting . If ur following a computerised
system then u'll come to know the next time the payment is
made else if subsequently u made a payment which together
with the previous one exceeds the limit then ur liable to
deduct and it will be a mistake on ur part if u've not
deducted TDS.
So for precautionary measure it is advisable to deduct TDS
at the 1st time itself and u believe that there is a scope
of future dealing with the client.
| Is This Answer Correct ? | 2 Yes | 0 No |
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