Dear all,
In my client place, there is a requirement. They dont deduct tds for single invoice. They collect collectively for all the invoices that occur in a fiscal year. That is if the sum of all the invoices crosses Rs. 20000, tds should be deducted.
For example:
1st invoice for Rs. 10000- no tds
2nd invoice for Rs. 2000-no tds
3rd invoice for Rs. 8000-no tds
4th invoice for Rs. 1000
The total is amounting to Rs. 21000 so tds should be collected for Rs. 21000.
How we can deduct tds for cumulative invoices? Please suggest.
Thanks & Regards,
A.Anandarajan.