banner_ad

Tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 December 2008 Is there a clear definition of service contract and transport contract with regard to 194(C)
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
13 December 2008 No clear definition in the act. However the text given below is from the guidelines issued by CBDT.
Service contracts:-
includes services rendered by such persons as lawyers,physicians,surgeons,engineers,accountants,architects,consultants etc. But, services rendered for which payment is in the nature of salaries which is chargeable under the head of income salaries in chapter1V of the Incone Tax Act,1961 shall not be covered by section 194C.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
13 December 2008 Transport contracts :-
The term transport contracts would,in addition to contracts for transportation and loading/unloading of goods,also cover contracts for plying of buses,ferries,etc.,along with staff. Ref. circular 558 dt 28/3/1990.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details