04 November 2015
If any one receive payment from Govt. Dept. It is necessary to pay income tax on receiving amount in advance? Say if receiving amount is > Rs.5000000. Or can receiving person demand deduction of tax {full} amount from receiving amount? { TDS} If tax is not paid by receiving person then Are Dept. reject his payment.? If tax{full} deduction is not there then Are person demand self assessment mode of payment of tax ? If receiving person don't have tax amount; then how he will full fill his tax responsibility?