Tds applicability
This query is : Open
B.SRINIVAS RAO
(Querist)
02 January 2013
The interest has been recovered on mobilisation advance given by the contractor from the sub-contractor in the form of Recovery from the bills payable. Whether TDS provisions will apply on the recovery of interest directly by the main contractor from the sub-contractor in the form of Recovery.
thanking you
thanking you
03 January 2013
Yes TDS applicable.
Main contractor will deduct TDS upon the Invoices raised by Sub Contractor.
And also on the invoices raised by Main Contractor upon the principal.
Main contractor will deduct TDS upon the Invoices raised by Sub Contractor.
And also on the invoices raised by Main Contractor upon the principal.
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