banner_ad

What is consequences company which contractor not file

Others 263 views 1 replies
User Avatar

65 Points Posted on 07 December 2023
dear members
actually I m saying I m working company here is many contractor. they making bill and I m deducted Tds 1%.and I make Balance amt paid . is deducted of 5% on Billing amt.???
0 Reply Share Follow
On 07 December 2023 at 22:44 Report
Replies (1)
User Avatar

jamshedpur
4104 Points Posted on 08 December 2023
No not required to deduct 5%. if deductee is individual then1% and if company 2% to be deducted.
Reply
On 08 December 2023 at 07:53


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details