Tds on payment of contract
Querist : Anonymous
I have paid Rs. 75000/- to contractor
Three cheque of 25000, 25000, plz guide
Me weather to deduct 1% TDS on 75000
or not... or the amount should be more
Than 75000/-
Regard
Anshul chhabra
Amount should exceed Rs.75000 hence in your case you are not required to deducted.
Thanks!
Querist : Anonymous
Both of you has replyed differently hence
I am in confussion weather to deduct TDS
Or not also requested both of you to guide
As per law
You dont required to deduct the TDS as per law.
Querist : Anonymous
He has clearly advised batter to do TDS..
But as per law which you want to ask ,...is not required to deduct.
Rest Kaviraja JI will answer you as per LAW what to do :) ,will Kavi sir differ from my opinion!!!!.
Querist : Anonymous
let kaviraja sir & other experts to express
Their view in this regard,
I am also in the favor of TDS deduction. Financial year just started in next 1-2 payment you may cross the limit.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Disclaimer - Before making any decisions do consult the experts. We do not take any responsibility for misrepresentation or interpretation of act or rules. Neither we nor the firm accepts any liability for the loss or damage of any kind arising out of information in this document or for any action taken in reliance there on.
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