Applicability of tax?
This query is : Resolved
21 October 2012
There is a constructing company.
Labour charge is one of the major expenses there.
labour charges is given to a person and the aggregate payments during the year exceeds rs 75000
is tds applicable if there is no contract b\w the company & the person and the payments to the person are through bank???
or is any other tax applicable?
hoping for a reply soon..
Labour charge is one of the major expenses there.
labour charges is given to a person and the aggregate payments during the year exceeds rs 75000
is tds applicable if there is no contract b\w the company & the person and the payments to the person are through bank???
or is any other tax applicable?
hoping for a reply soon..
21 October 2012
Tds has to be deducted u/s 194 C as such labour charges are covered with in the ambit of Contract payments .
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21 October 2012
Yes it will be covered u/s 194 c
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21 October 2012
TDS has to be deducted
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