Regarding secton 185 & 186 of income tax
This query is : Resolved
RAJAT DASGUPTA
(Querist)
20 March 2015
Is a construction co. (pvt ltd)receive advance from relative of directors for sale of flat? Is this company pay amount to relative of director for job charges by deducting tax?
Amol S Joglekar
(Expert)
20 March 2015
01. Yes, the construction company may receive ADVANCE from the above cited transaction.
02. TDS be done on the job charges paid to such a person subject to, however, the limits specified in the respective sections.
02. TDS be done on the job charges paid to such a person subject to, however, the limits specified in the respective sections.
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