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Former Member
Feb 19, 2009 at 12:28 PM

TDS mininimum amount

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Hi

I mentioned Rs 5000 as the amt below which TDS shd not be applicable . Now suppose i receive advance payment for Rs 6000 , tds is deducted on that . Now i book a vendor invoice for Rs 10000 . Again tds is deducted on full 10,000 while on 6000 it has already been deducted once . so it is booked twice .

if while booking vendor invoice i go to WHT data n try to manually put 4000 there on which it shd be charged then tds is not deducted at all .

after clearing of down payment also there is no effect on tds .

plz suggest