Applicability of tds u/s 194c on lifting of dirty water

Save Share

This query is : Resolved

CA RAHUL KUMAR PARAKH (Querist)

06 February 2016 Can u please guide me about lifting of dirty water from office premises to another location is attract TDS Provision u/s 194C of I.T Act, 1961?

Ganeshbabu K

Ganeshbabu K (Expert)

06 February 2016 Yes,its contract of work,if payments exceeds 194C threshold limit tds applicable

Message likes : 1 times

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

06 February 2016 Yes Provisions of Section 194C will be attracted.

Message likes : 1 times

CA RAHUL KUMAR PARAKH

CA RAHUL KUMAR PARAKH (Querist)

06 February 2016 Thanks for Reply.
Can u please explain in brief?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

06 February 2016 The service is in the nature of Service Contract, hence provision of Section 194C attracted.

TDS to be deducted if threshold limit is crossed.

Threshold limit:

Single Bill Rs 30000/-
Annual Total Rs 75000/-

Rate:

Individual/HUF @ 1%
Others @ 2%

CA RAHUL KUMAR PARAKH

CA RAHUL KUMAR PARAKH (Querist)

06 February 2016 Thank You CMA. C.S Sanjay Gupta.. Your Views is really helpful for me.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now