per contract value rule in case of tds
This query is : Resolved
18 September 2009
what is the per contract value.
please clear the mean of per contract.
which time per contract value condition is aplicable for tds dedection.
please clear the mean of per contract.
which time per contract value condition is aplicable for tds dedection.
18 September 2009
as for example .....each bilty for transportation is a contract....no tds if it is less than rs 20,000. however if freight to a transporter for for all his bilties in a year is more than rs 50,000 then also tds has to be made
18 September 2009
sir
i dnt under stand. in the case if per contract we count bilties or any written contract.
i dnt under stand. in the case if per contract we count bilties or any written contract.
20 September 2009
In the case transportation contract, each bilty is treated as a separate contract. How ever, if there is a contract of a continuing contract like a cement manufacturer engages a transporter to transport lime stone, than the above assumption will not apply.
Contract need not be in writing. Oral contract, evident from the conduct of the parties are as good as written contract for the purpose of TDS.
Contract need not be in writing. Oral contract, evident from the conduct of the parties are as good as written contract for the purpose of TDS.
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