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Tds deductions

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Sir, We are accredited agency for Civil works for Govt Departments. We carry the work by engaging Technical Consultants who execute with the help of private contractors. The principal has deducted TDS @ 10% on the cent-age charge. Both my company and Technical consultant share the centage at 50:50. Do we have to deduct TDS on the centage payable to Technical Consultant? If so can we get refund of the 50% TDS deducted by the Principal.
Replies (1)

Yes, You are supposed to deduct TDS @ 10% on the payments made to Technical consultants.

Actually, you have to claim 100% TDS deducted as per your PAN. Though refund will be after deducting your tax liability.


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