IF PAYMENT IS MORE THAN 30,000/- THEN DEDUCT TAX @ 1% FOR INDIVIDUAL , HUF
FOR OTHER THAN ABOVE 2% SHOULD BE DEDUCTED
194c
Page no : 3
CA PRIYUL SHAH
(JOB)
(901 Points)
Replied 06 December 2013
Yes, You are required to deduct TDS at the time of credit OR payment whichever is earlier.
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