TDS Deduction on SITC
This query is : Resolved
06 July 2021
Paid Rs. 1 Lakh advance against Supply & Installation Works, as per PI Rs. 100000 to be paid for supply and 15000 for Installation
Is TDS to be deducted on the same, this could be the first and last transaction with vendor and threshold not crossed
Is TDS to be deducted on the same, this could be the first and last transaction with vendor and threshold not crossed
23 September 2021
If purchase invoice is rectified to the amount paid for material, then no need. Otherwise yes.
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