Can we deduct TDS .?
This query is : Resolved
10 January 2009
Can we deduct TDS, if we make payment to HP Petrol Pump on Monthly Basis.
Please reply me soon its urgent.
Please reply me soon its urgent.
10 January 2009
Pl specify the nature of payment.
10 January 2009
IF PAYMENTS ARE FOR PURCHASE OF MATERIAL, i.e DIESEL, PETROL ETC IT TANTAMOUNTS TO PURCHASE OF MATERIAL NO TDS
11 January 2009
But If there is any contracts enterd in to with the pump owners even for supply of material you have to deduct the TDS @ 2.06%.So first clarify whether there is any agrrement with the pump owners for supply of materials... if there is no agreement no TDS....
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