Tds
This query is : Resolved
05 August 2014
My client has a hotel business & he is erecting a new building for the same is the he has installed a life is the TDS deductible under 194C ??
If yes Then If a fixed asset is purchased and the specifications are given by the buyer then is TDS is deductible though the raw material is not supplied.
If yes Then If a fixed asset is purchased and the specifications are given by the buyer then is TDS is deductible though the raw material is not supplied.
05 August 2014
Answer to your first question is yes, Your client has to deduct TDS 194C.
TDS is not applicable on pure sale & purchase transaction.
TDS is not applicable on pure sale & purchase transaction.
06 August 2014
but suppose if the asset purchased is dies which is specific in nature...and if the answer to the the first question is yes then lift installation also includes manufacturing which is as per specification of client and on contractual basis then how come we should not deduct TDS other fixed asset
06 August 2014
if raw material is not supplied then no tds is deducitble.
06 August 2014
simply If your invoice contain service tax then deduct tds.
06 August 2014
as per notification no 1/2014 no tds is applicable on service tax portion.
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- 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
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
