Hello,
Can Tax be deducted from payment to contractor even if payment is made ?
Thanks in adv
Mukund Patel (Student) (477 Points)
31 December 2011Hello,
Can Tax be deducted from payment to contractor even if payment is made ?
Thanks in adv
praveen
(Chartered Accountant)
(6971 Points)
Replied 31 December 2011
How will you deduct tax after making the full payment?
Yes you can pay the tax and claim back such amount from the contractor. Or deduct the total amount from his next bill.