Our is a banking Activity, one person is supplying printing
advertisement sheet of our product, whether he is liable to
deducte TDS @ 1%
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Answer Posted / Upendra Kumar Singh
If the supplier's annual turnover exceeds the taxable limit set by the Income Tax Act, they are required to deduct TDS (Tax Deducted at Source) at a rate of 1%. However, if their turnover is below the threshold, or if the payment to them is less than the specified minimum amount for TDS, they are not liable to deduct TDS.
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