TDS procedure for sub contractor in a private company

Tds procedure for sub contractor
in a Company
Replies (2)

If contractors single bill exceeds 30k or overall bill in entire FY exceeds 1lac then TDS @ 1% when payment made to individual and HUF and @ 2% for others shall be deducted and same shall be deposited before 7th of next month in Governments account.

Return of TDS to be filed quarterly

Thanks for valuable and timely reply...

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