Payment made to Joint Venture Co attracts TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 March 2010
Hello friends,
A Ltd & B Ltd having an equal share in Joint Venture C Ltd. When A Ltd makes payment for the work( Covered u/s 194c) given to C ltd should attract TDS provisions. Pls tell the applcablilty and its applications if A ltd having 50% share in C ltd
A Ltd & B Ltd having an equal share in Joint Venture C Ltd. When A Ltd makes payment for the work( Covered u/s 194c) given to C ltd should attract TDS provisions. Pls tell the applcablilty and its applications if A ltd having 50% share in C ltd
Shyam Lal Naik
(Expert)
22 March 2010
A, B, C all are separate assessable units. In the absence of any specific exemption from TDS for payment by Joint venture to co venturers, TDS get attracted.
CA Ashok Kumar Sahu
(Expert)
22 March 2010
tds deduction is require
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