18 December 2008
Whether is contract or sub contract. It may be cover under subcontract as we get a contract to complete some work and we get part of this work done from other contractor so it is sub contract.
As in direct contract case we have deduct TDS eventhough we are not require to do audit in preceeding financial year but in sub contract case if we not require to do audit in preceeding f.y then we are not require to deduct TDS so new business is not require deduct.
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