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Tds on contracter
we are trading goods.Our some of debtors have not paid payment .The debtors have not subdealer or but we sell a lot of goods. Tax consultant have told to deduct tds on contractor 1 to ensure safety so that they have to pay. I want to know when is tds liable and cut tds on outstanding amount ? if yes it is compulsory i cant understand
Replies (1)
If You are dealing Trading goods then no need to deduct TDS for the above said details...
You have received any services from your supplier then You can deduct TDS as per law is fulfill the exact requirements...
Otherwise no need...
You have received any services from your supplier then You can deduct TDS as per law is fulfill the exact requirements...
Otherwise no need...
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