Tds on contracts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2013
Dear Members
I gave the contract to construct/Ready transformer. I did not supply any material to contractor. whether to deduct TDS or not.
I gave the contract to construct/Ready transformer. I did not supply any material to contractor. whether to deduct TDS or not.
02 February 2013
If you can say that you have purchased a transformer, no body will ask to deduct TDS.
.
If you have entered into a contract with specific requirements and the supplier has made his bill- as -"As per your Specification vide Contract No....." then TDS is required to be deducted @ 2% or 1% depending upon the status of the supplier.
.
.
If you have entered into a contract with specific requirements and the supplier has made his bill- as -"As per your Specification vide Contract No....." then TDS is required to be deducted @ 2% or 1% depending upon the status of the supplier.
.
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