Dear Friends,
In the audit I have found that a payment has been made to a contractor (cheque) in his own name for some construction work . He has given the bill in the name of a company which is run by him. What is the TDS to be deducted ...2% or 1% ?
Please help
This is an educational institution
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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