I am hiring a machinery from phillips, and i am paying regularly hire charges to them.
shall i deduct TDS on hire invoices amount , if ok than can you please help me the % to be deduct.
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TDS on Hire charges
Replies (3)
From now on you can deduct TDS @ 2%
Dear friend ,
The Threshold limit is more than 120000/- per anum we can dedudct 2% per bill gross amount.
Agree with Srinivas
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