banner_ad

TDS

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 November 2009 A assessee doing Textiles Business, he doing Purchase Yarn after that Bleaching work , Dryeing work & Weaving works made. in this case Tds Applicable or not for Bleaching , Dyeing , Weaving Work, annual turn over exceeds 40 laks please give me full details. any benefit avail for Financial year 2007-2008.
Profile Image

HUZAIFA HUSSAIN

Profile Image

HUZAIFA HUSSAIN (Expert)
30 November 2009 If the bleaching work, dying etc, is outsourced on a contract basis than ofcourse TDS is applicable. If the same is done inhouse by the employees of the assessee than TDS is applicable if salary/wages of the employees exceeds exemption limit.
Profile Image

MAHENDRA KUMAR BAGRECHA

Profile Image

MAHENDRA KUMAR BAGRECHA (Expert)
11 December 2009 TDs is applicable in your case as it is a works contract. If your assessee is a proprietor ship concern, 1st year of audit is exempted from TDS provisions.
Profile Image

Balakrishnan

Profile Image

Balakrishnan (Expert)
11 December 2009 No First answer is correct
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details