22 January 2010
we are C&F agent of petroleum company.we hire transporters to carry goods of petroleum company.we have made payment of RS 60000 to a single transporter in this financial year.i want to know whether we have to deduct tds on RS 10000 or whole amount of RS 60000.
22 January 2010
WE HAVE NOT MADE SINGLE PYT TO TRANSPORTER.WE HAVE MADE MONTHLY PAYMENTS OF RS 15000.WILL TDS WILL STILL BE DUCTED ON WHOLE AMOUNT OF RS 60000
CAclubindia
