Tds

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 SIR I NEED ONE CLEARIFICATION REGARDING TDS ON CONTRACTS THE TOTAL AMOUNT IS 36,92,312 OUT OF WHICH 1,56,483 IS FOR PROFESSIONAL CHARGES. SIR PLEASE TELL ME UNDER WHICH SEC I HAVE TO DEDUCT TDS .SHOULD I DEDUCT FOR THE WHOLE AMOUNT U/S 194C OR I HAVE TO DEDUCT SEPERATELY UNDER BOTH THE SECTIONS I,E,.194C AND 194J

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

08 June 2015 Please describe the nature of contract and the exact nature of service. Give details.

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 Sir actually that company is providing labour on contract basis and previously i was calculating tds under sec 194c of it act.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

08 June 2015 Contract for providing Contract Labour attracts provision of Section 194C. So you did the right thing. Where is the problem?

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 Sir problem is that accountant has not deducted tds on professional charges included in that bill and I have confusion whether to deducted tds for whole amount u/s 194c or seperately under respective sections.waiting for response.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

09 June 2015 If it is contract for Manpower Supply i.e., Providing Contract Labour then TDS to be deducted u/d 194C on entire amount. There is no professional service involved.

Professional service is applicable in case of Manpower Recruitment/Staffing service which attracts provision of Section 194J.

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