This is my first time filing a TDS challan. I have some confusions please help me out -
1. What should be the assessment year? 2. Difference between company deductees and non-company deductees. 3. What will be the nature of payment if I have deducted tax from the amount I paid to the contractor for construction of warehouse?
01 January 2017
1. if you deducted tds on Dec16 then FY is 16-17 , so select Assessment year 2017-18 (generally assessment year means current year
2. company deductee means - you have deducted tds from payment given to company (other party is company) Non company - other person is HUF, individual , firm etc
3.nature of payment - search challan in pdf copy you will get in second page all list of section, at present section is 194c payment related to contractor
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