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Payment made to Joint Venture Co attracts TDS

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Querist : Anonymous

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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
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Shyam Lal Naik

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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.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
22 March 2010 tds deduction is require
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