August 20, 2022

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TDS Doc For Distributors

This doc is principally for the INDIAN distributors primarily  Bloggers, contractors and so forth. I...

This doc is principally for the INDIAN distributors primarily  Bloggers, contractors and so forth. I perceive that you just guys have points with TDS and so forth. So, now we have made this small video so that you can perceive the method.

  1.     Each Indian is liable to pay TDS on any cost. TDS will be 1%, 2% or 10% relying on the work, we cost 1% from bloggers if they’re people and 10% in case you are a registered enterprise and take funds in your present account.
  2.     To be able to deduct TDS, we’d like
  3.     Your Pan card copy, NOT pan quantity. We desire pan card copy for verification processes as now we have discovered distributors giving improper pan particulars which may trigger authorized troubles to them.
  4.     Your working telephone quantity the place we will join with you.
  5.     You’ll be able to acquire kind 16 on the finish of the quarter. Our accounts workforce normally sends it inside 10 days of the quarter-end
  6.     Registered companies:
  7.     In case you’re taking cost in LLP, Pvt. LTD, partnership agency or a proprietor agency.
  8.     Share your GST and PAN card
  9.     Share bill with us, as mentioned 10% TDS shall be deducted.
  10.     Funds
  11.     NO UPIs, Paytm, and so forth
  12.     We don’t pay through PayPal, (we’re engaged on it)
  13.     Solely financial institution transfers can be found as of now.
  14.     Confusions? drop a mail at [email protected] Higher to go away your quantity.

THIS APPLIES TO ALL INDIAN VENDORS; YOU DO NOT NEED TO WORRY IF YOU ARE NOT AN INDIAN CITIZEN.

 FAQs
1. Why are you asking these particulars, nobody else requested for this earlier than?
2. What if I don’t present this?
3. What if I present a improper PAN card?
4. Why do you ask for a Pan card photograph? Isn’t the quantity sufficient?

 

Assets:

P.S. This isn’t authorized recommendation. Please seek the advice of your CA for detailed info.