what are the current conditions to desuct TDS on job work
how to deduct it
and where to submit it
at which amount of service it can be deducted
When single transaction with a contractor exceeds 30k or overall traansaction of entire year exceeds 1lac then TDS is deducted as below:
one per cent where the payment is being made or credit is being given to an individual or a Hindu undivided family;
two per cent where the payment is being made or credit is being given to a person other than an individual or a Hindu undivided family,
You have to deduct it at the time of payment to contractor and such deducted amount shall be deposited in governments account before 7th of succeeding month of deduction.
Of which u need to file quarterly return
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