Contract
This query is : Resolved
17 December 2014
Contract between service receiver & provider U/S 194C should be in written or verbal. For example :
1) we hire lorry from our factory to purchase as there is not written contract between both of us.
2) We call a mechanic for repairing of machine with out any prior agreement / contract. And he charged Rs. 42000/- for his 10 days visit and we have to deduct TDS on this amount.
Whether the above 2 occasions are called contract or not.
Please advise.
1) we hire lorry from our factory to purchase as there is not written contract between both of us.
2) We call a mechanic for repairing of machine with out any prior agreement / contract. And he charged Rs. 42000/- for his 10 days visit and we have to deduct TDS on this amount.
Whether the above 2 occasions are called contract or not.
Please advise.
17 December 2014
The above two occasions are called contract. Contract can be verbal TDS applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Gift of mutual fund units to daughter
- Not able to file ITR
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
