13 July 2016
Dear Ashok,
If you are running the business in the name of individual or huf and you are not liable to audit, then you are not required to deduct tds.
13 July 2016
Dear Mr Ashok,
If you've given a contract, deduct tds@1% on amount payable to individual. hence it'll be Rs 1500/-. Remaining you'll need to pay to him. the said Rs 1500/- you'll need to pay to government. you'll need his pan card copy. also you'll need tan number for your company.
if you need any professional assistance relating to related work you can contact on my email ID kjoshitax@gmail.com
please note related charges shall apply. for enquiries contact on above given email address.
CAclubindia
