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Former Member
Dec 05, 2008 at 12:22 PM

TDS

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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.