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TDS: Every Time You Make A Payment, Ask If The Receiver Has Filed...
“Suppose you are making payment to a contractor. And, when you’re getting the work execute...
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“Suppose you are making payment to a contractor. And, when you’re getting the work executed, you’re supposed to deduct TDS at 2% — that’s the normal rate. If I made a payment of ₹ 1 crore, I deducted TDS of ₹2 lakh and deposited it in his account.,” explained Ved Jain, former President of The