Reg: tds
This query is : Resolved
23 June 2014
Hi Experts,
Is there any liability to deduct tds for the Expenses incurred in relation to machinery erection charges, water charges, machinery maintainence charges, Job work expenses, clearing & forwarding expenses.
Pls reply as soon as possible
thank you....
Is there any liability to deduct tds for the Expenses incurred in relation to machinery erection charges, water charges, machinery maintainence charges, Job work expenses, clearing & forwarding expenses.
Pls reply as soon as possible
thank you....
23 June 2014
yes if your are PVT LTD/ LTD company or partnership firm and prop. firm in which your account will be liable to get audit report u/s 44AB. then you have to deduct the tDS on erection, AMCm job work u.s 194C if you pay single bill exceeds Rs 30000/- and in a year exceeds Rs. 75000/-
in years. then on individual/ huf @ 1% otherwise @ 2% if they have PAN otherwise @ 20% of payment will be deduct by you.
in years. then on individual/ huf @ 1% otherwise @ 2% if they have PAN otherwise @ 20% of payment will be deduct by you.
23 June 2014
yes if your are PVT LTD/ LTD company or partnership firm and prop. firm in which your account will be liable to get audit report u/s 44AB. then you have to deduct the tDS on erection, AMCm job work u.s 194C if you pay single bill exceeds Rs 30000/- and in a year exceeds Rs. 75000/-
in years. then on individual/ huf @ 1% otherwise @ 2% if they have PAN otherwise @ 20% on all payment will be deduct by you.
in years. then on individual/ huf @ 1% otherwise @ 2% if they have PAN otherwise @ 20% on all payment will be deduct by you.
23 June 2014
yes if your are PVT LTD/ LTD company or partnership firm and prop. firm in which your account will be liable to get audit report u/s 44AB. then you have to deduct the tDS on erection, AMCm job work u.s 194C if you pay single bill exceeds Rs 30000/- and in a year exceeds Rs. 75000/-
in years. then on individual/ huf @ 1% otherwise @ 2% if they have PAN otherwise @ 20% on all payment will be deduct by you.
in years. then on individual/ huf @ 1% otherwise @ 2% if they have PAN otherwise @ 20% on all payment will be deduct by you.
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