t.d.s. on contract payment
This query is : Resolved
11 November 2009
one of our client is society registered under societies act. various milk supplying mandali are supplying milk to our client. client has installed several machine at various mandalis for which A.M.C. payment is made by the client but it is to be recovered from respective mandalis so at the time of accounting, various manadalis a/c is debited and contractor a/c is credited.
my query is whether my client is required to deduct any tax on payment made to contractor. and if does not deduct tax then what are the consequences.
my query is whether my client is required to deduct any tax on payment made to contractor. and if does not deduct tax then what are the consequences.
11 November 2009
The condition for TDS is for a contract between the specified person and the contractor. As the contract is between society and contractor, TDS has to be done by the person responsible for paying to the contractor. Therefore society should deduct TDS and issue certificate. The Mandalis are reimbursing the society.
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
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
