Dear Members
is there any possibilities of tax , if we make a payment to contractor of Rs 90000/- for making payment to his workers.
Laukik Shah
Menu
Tax Liability
Replies (2)
Yes Offcourse.
its 75000 Per Year.........
TDS to be Deducted @ 1% if other than company (Contractor)
& 2% if company.
AS AND FROM 1ST OF JULY 2010 IF THE PAYMENT MADE TO A CONTRACTOR EXCEEDS Rs 75000 THEN TDS HAS TO BE DEDUCTED ON THE AMOUNT.EARLIER THE LIMIT WAS Rs 50000.
Recent Topics :
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
Related Topics :
CAclubindia
