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Pls Tell me anyone the exempted expenses/services in accounting purpose for exempted the tds catagory. Thanks & Regards, Virendra Sharma
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Exempted Exp/services for TDS
Expenses in the form of material purchase examle - stationary purchased for office,cleaning matreial for maitenance etc. No TDS will be deducted on such expenses.Transportation charges is exempted subject to production of PAN number.
There is a limit and TDS will be deducted if exceeds the limit -for example payment to contract/sub-contract works (not exceeding Rs.30000/- per transction or 75000/- in a year ),similarly TDS on Rent ( exceeds Rs.180000/- in a year)
Tejeswar Choudhury
JMC Projects ( I ) Ltd
Raigarh
Exempted Exp/services for TDS
Expenses in the form of material purchase examle - stationary purchased for office,cleaning matreial for maitenance etc. No TDS will be deducted on such expenses.Transportation charges is exempted subject to production of PAN number.
There is a limit and TDS will be deducted if exceeds the limit - contract/sub-contract (not exceeding Rs.30000/- per transction or 75000/- in a year ),similarly TDS on Rent ( exceeds Rs.180000/- in a year)
Tejeswar Choudhury
JMC Projects ( I ) Ltd
Raigarh
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