dear dir,
we are a 80g certified charitable institution & we have make payment of 1lac to decorator & contractor but we have not deducted TDS on payment to decorator/cotractor . what will we have to do now? will we have to pay any tax or penalty
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tds
Replies (1)
Yes you should deduct tds on contract u/s 194C if you don’t deduct than the penalty will be amount equal to tds non- deduction. u/s 271C
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