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Tax deducted at source

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2012 SIR,
MY CLIENT IS DOING BUSINESS OF JEWELLERY SHOW ROOM (PARTNERSHIP) HAVING TURNOVER OF RS.2.00 CRORES. MY CLIENT IS GETTING JEWELLERY ORNMENT BY GIVING PURE GOLD TO KARIGAR. AND KARIGAR IS GIVING MAKING CHARGES BILL FOR MAKING ORNMENTS. PLEASE KINDLY SPECIFY UNDER WHAT SECTION TO TDS IS TO BE DEDUCTED TO KARIGAR AND PERCENTAGE OF TDS.


THANKING YOU SIR,

SRINIVAS
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Guest

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Guest (Expert)
16 July 2012 In this case tax is to be deducted u/s 194 C - payment to contractors. Also tax is to be deducted if the following condition is satisfied:
1. Invoice/ payment exceeding Rs. 30000/-
2. Total payment to a payee in a year more than Rs. 75000/-
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
16 July 2012 agree with CA Ketan Kumar
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CA ARIHANT JAIN

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CA ARIHANT JAIN (Expert)
16 July 2012 AGREE WITH MR. KUMAR
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