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Regarding secton 185 & 186 of income tax

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(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?
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Amol S Joglekar

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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.
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