Tds deduction requirement
Kishore Nuthalapati (Accountant for multiple small entities) (156 Points)
30 August 2024A proprietor is in construction sub contract business
he got a work order of 5 crores
All payments are in bank mode only
As all the payments are in bank mode
Tax audit is not applicable below 10 crores
Then is it require to deduct tds to the vendor payments
Please advise
Thanks