Tds on retention amount
This query is : Resolved
30 May 2014
hi , when TDs has to be deducted on retention amount payable to contractor ? is it on credit in the books or on the payment at end of the contract ,?
Guest
Guest
(Expert)
30 May 2014
i didnt understand what u want to ask
generally we deduct tds on retention, like if retention is 100000 and tds is 10000
we will deduct tds and pay the balance 90000 to the party
and 10000 to govt for tds
so what credit and payment u saying i didnt understnad
generally we deduct tds on retention, like if retention is 100000 and tds is 10000
we will deduct tds and pay the balance 90000 to the party
and 10000 to govt for tds
so what credit and payment u saying i didnt understnad
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