Tds on contractor
This query is : Resolved
Trilok Gupta
(Querist)
24 August 2018
I have a query about TDS on Contractor.
We received first bill of Contractor Rs 10000, we had not deducted TDS.
If we receives next bill of Rs 35000/- then on which Amount, we have to deduct TDS @ 1% ( Rs 35000/- or Rs 45000/- including first bill.)
Thanks in advance.
We received first bill of Contractor Rs 10000, we had not deducted TDS.
If we receives next bill of Rs 35000/- then on which Amount, we have to deduct TDS @ 1% ( Rs 35000/- or Rs 45000/- including first bill.)
Thanks in advance.
KAVIRAJA ADDANGADI
(Expert)
24 August 2018
You have to deduct on entire 45K
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