Tds
This query is : Resolved
11 November 2017
Respected all experts,
I have just joined a manufacturing company and company send material for job work. my question is that when job worker will give the bill that time I have to deduct the tds or not job worker has registered in GST regular.
Please advice me sir how much % tds will be deduct.
I have just joined a manufacturing company and company send material for job work. my question is that when job worker will give the bill that time I have to deduct the tds or not job worker has registered in GST regular.
Please advice me sir how much % tds will be deduct.
11 November 2017
TDS @ 1% (for individuals and HUFs) 2% (for others) to be deducted either at the time of booking the expenses in your books or payment, whichever is earlier as per Income Tax Act. Threshold limit Rs.100000/- p.a.
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