Non tds deduction of housing society
This query is : Resolved
30 October 2012
I aM member of co-operative housing society
(Regd.)A contract is given for construction
for Rs.65,00,000/- from which 45,00,000/- is
paid to the contractor. I requested many of
times to Secretery for deduction of TDS.
But he did not deducted TDS. Please let me
know, if any penalty/interest levied, who will be responsible to pay, SECRETARY OR SOCIETY MEMBERS?
(Regd.)A contract is given for construction
for Rs.65,00,000/- from which 45,00,000/- is
paid to the contractor. I requested many of
times to Secretery for deduction of TDS.
But he did not deducted TDS. Please let me
know, if any penalty/interest levied, who will be responsible to pay, SECRETARY OR SOCIETY MEMBERS?
30 October 2012
plesae provide details
1. what is date of payment of Rs.45 lacs ??
2. is any bills are booked for the above payments ??
1. what is date of payment of Rs.45 lacs ??
2. is any bills are booked for the above payments ??
30 October 2012
Rs.45,00,000/- is not given at a time. About 9-10 cheques are given from September 2011 to october 2012. Approximately 1/4th construction work is pending or in progress. About 9 billss were given by
the contractor.
the contractor.
31 October 2012
you need to make Provision for TDS on the bills and pay the amount of TDS and deduct the amount from the balance of Contractor
what is the Terms of Contract ?? i.e are the materials being used by the contractor himself or being supplied by you to the contractor.
what is the Terms of Contract ?? i.e are the materials being used by the contractor himself or being supplied by you to the contractor.
Message likes :
1 times
01 November 2012
please provide the terms
and also be careful for the date of deduction while filing the return of tds since it can attract penalty U/s276B
and also be careful for the date of deduction while filing the return of tds since it can attract penalty U/s276B
Message likes :
1 times
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
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
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
