26 May 2015
Dear Sir One of my friend are constructed a banquet hall, in this link he make the payment to contractor of 15 lac ,is he liable for tax deduction(TDs) or not
26 May 2015
your friend is individual and his last year turnover not liable to take audit u/s 44AB then tds not applicable. otherwise tds will be deductible and in any case partnershipfirm, pvt, ltd you have to deduct the tds.