Sir/Madem,
1. In hire purchase: Purchaser to be liable to pay the TDS, that TDS amount can be deduct form financier.
2. In hire charges -94I- if option is available to deduct the tds for 2% under the hire charges.
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Hire purchase/ tds
Replies (2)
Sir,
If properitor company, He only run the business, but he inversted the amount to recuring deposite form the bank, so that item how treate (drawing or invesment), Please clarify
Sir, If properitor company, He only run the business, but he inversted the amount to recuring deposite form the bank, so that item how treate (drawing or invesment), this RD amount debite in Company OD account
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