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Former Member
Feb 25, 2009 at 04:04 AM

TDS exemption based on amount

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Hi,

I have a situation wherein TDS for a vendor needs to be deducted after a particular amount.

A Vendor has obtained an exemption certificate which states, say until 1lakh rupees he would be exepmted and anything beyond that needs to be deducted.

Scenario1: Say there is 1 invoice worth 125000/-, then TDS needs to be deducted only on 25000/-.

Scenario2: Say there are about 10 invoices worth 100000/- (10000/- each), and the 11th invoice is worth 50000/-, how do we deuct only on this 50000/-

Could someone suggest me a way out. I've checked some of the answers from previous posts, however I dont find a suitable solution.

Regards,

Soujanya