Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2013
We have a private family trust. The trust is going to make payment to a contractor worth Rs 2 Lacs. Is the trust liable to deduct tax on the same or not?
05 July 2013
u have not mentioned for what payment is made and whether its paid in 1 installment or not?
sec194C is applicable then u need to deduct tax.
sec194C is applicable then u need to deduct tax.
Message likes :
1 times
05 July 2013
Yes as per explanation 1 to 194C trust also liable to deduct TDS
But if individual is making payment to contractor for his personal purposes tds will not applicable as per section 194(4)
Generally contract for work or labour would attract 194C
But if discharge of contract requires application of professional or technical services TDS 194J will be applicable
Thanks & regards
Ganesh babu k
But if individual is making payment to contractor for his personal purposes tds will not applicable as per section 194(4)
Generally contract for work or labour would attract 194C
But if discharge of contract requires application of professional or technical services TDS 194J will be applicable
Thanks & regards
Ganesh babu k
Message likes :
1 times
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Itr 1 processing
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
