Tds applicability

This query is : Open

B.SRINIVAS RAO (Querist)
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02 January 2013 The interest has been recovered on mobilisation advance given by the contractor from the sub-contractor in the form of Recovery from the bills payable. Whether TDS provisions will apply on the recovery of interest directly by the main contractor from the sub-contractor in the form of Recovery.

thanking you

V K Bajaj

V K Bajaj (Expert)
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03 January 2013 Yes TDS applicable.

Main contractor will deduct TDS upon the Invoices raised by Sub Contractor.

And also on the invoices raised by Main Contractor upon the principal.