Section 40A(2)

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Akhil Agrawal (Querist)
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01 March 2011 My client has received the invoice in the following manner from the workforce hiring agency:

Rent of Coffee machine - 1200 pm
Attendants charges - 8850 pm

In addition he has attached the inv of one of his suppliers of Rs. 21825pm for the supply of the tea/coffee powder. The payment in one single cheque is made to the agency.

DOes the same gets covered under the 40A(2) as the payment to the supplier is made by the mode other than a/c payee cheque. & whether there is any TDS involved

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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01 March 2011 As this is a contract for supply of tea/coffee TDS under 194C should be deducted.

Akhil Agrawal

Akhil Agrawal (Querist)
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01 March 2011 But does this gets covered under the 40A(2)

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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01 March 2011 Yes It is covered under Section 40A(2) provided agency is a related party as defined under 40A(2)(b)

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