T.D.S
This query is : Resolved
17 February 2009
payment to labourers exceeding Rs50000 for plumbing work ......does it attract t.d.s ?
17 February 2009
It would fall with in the meaning of Contract and tds@2.06% will be applicable to it.
17 February 2009
IT DEPENDS ON THE STATUS OF PAYER FIRST.
AN INDIVIUAL OR HUF UNLESS COVERED BY SEC.44AB FOR THE PRECEDING YEAR,IT MAYNOT APPLY.
SIMILARLY IF THE PAYEES ARE MANY THEN THE CEILING OF RS.50000 IS APPLICABLE TO EACH PAYEE.
A DIRECT PAYMENT TO EACH LABOUR WOULD NOT BE HIT BY SEC 194 C IF EVERY SINGLE PAYMENT IS BELOW RS.20000 AND THE AGGREGATE PAYMENT FOR THE YEAR IS BELOW RS.50000.
AN INDIVIUAL OR HUF UNLESS COVERED BY SEC.44AB FOR THE PRECEDING YEAR,IT MAYNOT APPLY.
SIMILARLY IF THE PAYEES ARE MANY THEN THE CEILING OF RS.50000 IS APPLICABLE TO EACH PAYEE.
A DIRECT PAYMENT TO EACH LABOUR WOULD NOT BE HIT BY SEC 194 C IF EVERY SINGLE PAYMENT IS BELOW RS.20000 AND THE AGGREGATE PAYMENT FOR THE YEAR IS BELOW RS.50000.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
