TDS on Loading nd Unloading contractor, Income Tax

[Mathurthi RamKumar]

Dear All,

Greetings of the day..

Kindly guide me for TDS on Loading & Unloading contractor work. We purchase biomass products from various factories and for loading and unloading oral contract given to person. He submitting bill with pan no.(PAN status partnership firm). I want to now weather TDS is applicable for this.

Regards

M.RamKumar

Posts / Replies

[Ganeshan Kalyani]

In my view TDS is deductible @1% if the amount paid to the contractor exceeds 75 K in a year or if a single bill exceeds 30K. Oral agreement is a contract.