TDS on Labour Payment
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28 May 2020
Hi,
Made a payment of Rs 99000 after deducting TDS for the amount charged 100000 to the labour.
Labour PAN has Individual. the TDS 1% which we have deducted is correct...?. And he has not given bill for this, so how to account it ? do we need to make vouchers for the payment amount.
Made a payment of Rs 99000 after deducting TDS for the amount charged 100000 to the labour.
Labour PAN has Individual. the TDS 1% which we have deducted is correct...?. And he has not given bill for this, so how to account it ? do we need to make vouchers for the payment amount.
28 May 2020
Yes 1% deduction is right if he is a labour supply contractor. In such a case make voucher for the payment.
28 May 2020
Hi Sir... thanks for your answer. should i need to make seperate vouchers for the amount below 10000 till the total amount or I can create a self single voucher for the amount 99000...?
28 May 2020
Single voucher is enough for cheque payment.
28 May 2020
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