TDS QUERY FOR MY CLIENT
This query is : Resolved
Harikrishnan V
(Querist)
10 August 2021
I signed a project with an individual (Non-GST entity) who makes payments through his saving account (and asks me to take the payments to my savings account). He doesn't prefer GST and asks for a 1.5% TDS instead. How would this work? The work expense is 40K.
What is the workaround here?Is it okay
2. And I have to draw payments from the company, do I (as a director) need to deduct TDS as per rules?
What is the workaround here?Is it okay
2. And I have to draw payments from the company, do I (as a director) need to deduct TDS as per rules?
CMA Poornima Madhava
(Expert)
11 August 2021
TDS to be deducted by your client @1 or 2% as applicable. But I don't understand why @1.5%.
Yes, TDS would apply on salary or remuneration to a director.
Yes, TDS would apply on salary or remuneration to a director.
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