Dear all,
If a client has already paid 49,000/- to a contractor before 01.10.2009 and now in the month of october he has to pay 5000/- to the same contractor, whether he is liable to deduct tds @ 2.06% or @ 2%.
Thanks in advance...
Menu
TDS QUERY
Replies (2)
Without opining on the effective date of abolition of Education Cess from TDS, this is to state that you need to deduct TDS with out Education Cess & SHEC, if amount paid/credited, on the balance 5K.
Also please check, whether the rate should by 1% or 2%.
Yeah. I agree with both the views of Mr Naik.
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
