Deduction of tds
This query is : Resolved
16 October 2012
Mr A is engaged in business of construction.
However, for his own house he give the contract to another builder.
Does he liable to deduct TDS in this case.
I thnk this is drawing. Can a indivdual deduct TDS in his personal capacity.!!?
Plz help..
However, for his own house he give the contract to another builder.
Does he liable to deduct TDS in this case.
I thnk this is drawing. Can a indivdual deduct TDS in his personal capacity.!!?
Plz help..
Sunny Sonwal
(Expert)
18 October 2012
Not Yet, Government havn't any provision for deducting TDS by an Individual in his personal capacity.
SANJAY TALATI
(Expert)
19 October 2012
True. For the personal dealings, there is no TDS prescribed.
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