tds-contractor
This query is : Resolved
rakesh sharma
(Querist)
27 September 2008
We regularly hire trucks from truck stand for despatch of consignment.
There is no formal contract with any of the truck /tempo owner.
They are called from stand as & when required.nervethless payment to single party during the year to a party exceeds Rs. 50000/-. will this attract the tds given the nature of transactions.
Please reply
There is no formal contract with any of the truck /tempo owner.
They are called from stand as & when required.nervethless payment to single party during the year to a party exceeds Rs. 50000/-. will this attract the tds given the nature of transactions.
Please reply
27 September 2008
S. Certainly.
Whenever the payment is made it has to be deducted. Deducting and paying to the Government is not only the statutory requirement.
But it is the duty of a citizen to pay tax for the development of economy.
Please do not think that tax payment is liability; it is a contribution to the welfare of the nation.
Whenever the payment is made it has to be deducted. Deducting and paying to the Government is not only the statutory requirement.
But it is the duty of a citizen to pay tax for the development of economy.
Please do not think that tax payment is liability; it is a contribution to the welfare of the nation.
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