Tax deducted at source of contractor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2012
IF A COMPANY PAY ANY AMOUNT TO IT's CONTRACTOR AGAINST HIS WORK DONE AT ANY TIME,IS IT LAWFUL TO DEDUCT THE TDS AMOUNT AT THAT SPECIFIC TIME.SO,WHAT IS THE TIME LIMIT TO DEPOSIT TDS OF A CONTRACTOR.ANY PENALTY WILL BE CHARGE ON NOT DEPOSIT THE TDS BEFORE THE TIME LIMIT.
18 April 2012
Time limit for paying interest is 7th of Next month
if no tax is paid late payment interest will have to be paid
if no tax is paid late payment interest will have to be paid
19 April 2012
yes agree with expert
there are two ways to deduct tds when credited or paid
there are two ways to deduct tds when credited or paid
19 April 2012
Right said above...
20 April 2012
I agree with the expert's opinion
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