T.D.S. applicability

RAHUL GAMBHIR (CA FINAL ) (130 Points)

24 September 2010  

Whether T.D.S. is applicable on payment to contractor by private company whose business is of builders    

For ex. :- ABC (P) ltd. is paying  500000/- in cash  to a small contractor who does not want that T.D.S. should  be deducted . Whether Company should deduct T.D.S. or not. What should company do in such circumstances??????.........