painting bill

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2011 dear all
we received a bill of painting rs 40000/-, there is mainsan 2 coasts area @ 10.50. on this bill tds will be applicable or not?


thnaks

14 April 2011 If you are doing a business and you are other than a proprietor, then you have to deduct tds on Rs.400000/- u/s.194C.

If you are doing a business as a proprietor, then you have to deduct tds u/s.194C only if your accounts have been audited during the past year.

If you are an individual and you have done a painting for your house or bunglow then you are not liable to deduct tds on the said payment


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