Tds deduct or not?
This query is : Resolved
15 January 2015
We are the automobile dealers. Our firm construct a new own building. Payment to contractors above 20000/- Tds will be deduct or not on works contract. Pl. Suggestions give me .
CA AnKiT BoHrA (AB)
(Expert)
15 January 2015
if you are liable to deduct tds.... then u must deduct tds on this particular transaction also dear...
Rupesh Jain
(Expert)
15 January 2015
you are partnership firm or pvt ltd or ltd company then you have to deduct the tds if amount is rs. 75000/- in year or single bill above rs. 30000/-
if you are proprietor then if your sales are more than rs. 100 lacs In last year then you have to deduct the tds in current year. otherwise not required.
if you are proprietor then if your sales are more than rs. 100 lacs In last year then you have to deduct the tds in current year. otherwise not required.
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