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
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- ITR 4 and Bank transactions
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TDS AND ITR ISSUE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
