Deduction of tax at source
This query is : Open
03 February 2012
A LTD, A HEALTHCARE SERVICE PRIVIDER, HAS OBTAINED A SPECIALISED MACHINE FROM B. LTD. FOR PROVIDING THE TREATMENT TO PATIENTS.
THE AGREEMENT BETWEEN A. LTD. & B. LTD. STATES THAT THE FEES RECEIVED FROM PATIENTS WILL BE SHARED IN A SPECIFIC RATIO. I CASE THERE ARE NO PATIENTS FOR A PARTICULAR MONTH, THEN THERE WOULD NOT BE ANY PAYMENT TO B. LTD.
IS A. LTD. LIABLE TO DEDUCT TAX AT SOURCE AGAINST PAYMENTS MADE TO B. LTD.?
UNDER WHAT SECTION?
THE AGREEMENT BETWEEN A. LTD. & B. LTD. STATES THAT THE FEES RECEIVED FROM PATIENTS WILL BE SHARED IN A SPECIFIC RATIO. I CASE THERE ARE NO PATIENTS FOR A PARTICULAR MONTH, THEN THERE WOULD NOT BE ANY PAYMENT TO B. LTD.
IS A. LTD. LIABLE TO DEDUCT TAX AT SOURCE AGAINST PAYMENTS MADE TO B. LTD.?
UNDER WHAT SECTION?
04 February 2012
"OBTAINED" GOT VARIED MEANINGS. PL CLARIFY.
04 February 2012
A. LTD. HAS OBTAINED THE MACHINE FOR USE UNDER AN AGREEMENT WITH B LTD.
A. LTD. & B.LTD. WILL SHRE THE REVENUE GENERATED OUT OF THE USE OF MACHINE.
A. LTD. & B.LTD. WILL SHRE THE REVENUE GENERATED OUT OF THE USE OF MACHINE.
04 February 2012
THE ESSENCE OF AGREEMENT IS SHARING THE REVENUE AND AS SUCH IT FALLS SOMEWHAT AWAY FROM THE AMBIT OF RENTAL CHARGES.
.
BUT HIRE CHARGES ARE BASED ON THE USE OF MACHINE. MORE THE MACHINE WILL BE USED, MORE THE HIRE CHARGES WILL BE RECEIVED IN THE FORM OF SHARING IN REVENUE. HENCE TDS CAN BE DEDUCTED U/S 194I.
.
.
BUT HIRE CHARGES ARE BASED ON THE USE OF MACHINE. MORE THE MACHINE WILL BE USED, MORE THE HIRE CHARGES WILL BE RECEIVED IN THE FORM OF SHARING IN REVENUE. HENCE TDS CAN BE DEDUCTED U/S 194I.
.
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
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- TDS Challan Code
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
