i hade assigned a contract one of abc party to complete the work worth 2.00 crores. abc co charged rs. 5,00,000/- as service charges for the assignement. as per the agreement tds is made on professional fee of Rs. 5,00,000/- @ 10%. and abc co given sub contract to xyz co for completion of my project. tds is deducted & paid by abc co. for payments made to xyz co.
whether i should deduct the tds on payments made to xyz co by abc?
CAclubindia
