Tds on binding work
This query is : Resolved
12 December 2018
i didnt received a single bill from binder of more then 30000/- but in a financial year i received more then 100000/- rs invoice.
will i have deduct TDS while payment made
will i have deduct TDS while payment made
12 December 2018
it's compulsory to deduct TDS if your books of account are required to be audited.
else not.
else not.
13 December 2018
Deductors had to deduct TDS @1% in case of Individual or HUF, 2% other under 94C. If single bill or Payment exceeds Rs.30000/- or overall payment in the financial year exceeds 100000/- or above.
Since you are recipient if TDS not deducted by deductor will not have any issues obligation is on part of deductor not on deductee.
Since you are recipient if TDS not deducted by deductor will not have any issues obligation is on part of deductor not on deductee.
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