Tds 194c
This query is : Resolved
07 November 2017
Dear Sir/Madam,
we received contract like 1 supply 2 service 3 civil supply 4 civil services. all are contract separately.
is the applicable 194c section on all contract ? kindly provide ans with notification or curricular.
we received contract like 1 supply 2 service 3 civil supply 4 civil services. all are contract separately.
is the applicable 194c section on all contract ? kindly provide ans with notification or curricular.
07 November 2017
Dear Mr.Ankit,
pls refer below Provisional and Follow accordingly
Section 194C
Nature of Payment TDS from payment to contractor sub contractor
Deductor :As per details
Deductee :Resident
TDS rate : if payee is individual/huf:1% other :2%
Threshold Limit Single :30000 Total f.Y 100000 wef 01.06.2016
Time of deduction credit or payment which ever is earlier
Other points : Material value excluded if shown in bill separately
Nature of Payment TDS from payment to contractor sub contractor
Deductor :As per details
Deductee :Resident
TDS rate : if payee is individual/huf:1% other :2%
Threshold Limit Single :30000 Total f.Y 100000 wef 01.06.2016
Time of deduction credit or payment which ever is earlier
Other points : Material value excluded if shown in bill separately
07 November 2017
1 and 2 is applicable sec 194C...
Other two points are not cleared. Please explain yourself...
What are the meanings of Civil and Civil supply...?
It means Materials..???
Other two points are not cleared. Please explain yourself...
What are the meanings of Civil and Civil supply...?
It means Materials..???
09 November 2017
thnks sir for reply me.
my point is for e.g. ABC company contract with XYZ company for turnkey project. ABC Co. provided purchse order to XYZ co. (1) PO Supply (Material) (2) PO Services (3) PO Civil supply(material) (4) Civil Services. ABC co. TDS deducted to on all contract amount or only services amount? TDS provision no deducted on goods but co. contract for turnkey project what about tds????
my point is for e.g. ABC company contract with XYZ company for turnkey project. ABC Co. provided purchse order to XYZ co. (1) PO Supply (Material) (2) PO Services (3) PO Civil supply(material) (4) Civil Services. ABC co. TDS deducted to on all contract amount or only services amount? TDS provision no deducted on goods but co. contract for turnkey project what about tds????
09 November 2017
Yes...
1 and 2 is applicable for TDS u/s 194C
other two options are not under TDS provisions...
1 and 2 is applicable for TDS u/s 194C
other two options are not under TDS provisions...
09 November 2017
1 is material order how can deducted 2 is ok civil services(means construction) is also applicable tds sir
09 November 2017
they are provided separately bill supply & services.
09 November 2017
Dear.,
1st one is only supply of Material then no need deductions on supply of materials...I assume as Services. Bcoz, You said Contractor...
Please follow the below details...
Basically no more deductions on Supply of Materials... We ll Deduct only on Services...
1st one is only supply of Material then no need deductions on supply of materials...I assume as Services. Bcoz, You said Contractor...
Please follow the below details...
Basically no more deductions on Supply of Materials... We ll Deduct only on Services...
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- Journal entry of busniess expenses
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
