Tds
This query is : Resolved
08 March 2017
A company owns 4 flats along with some other companies and individuals. The Flat Owners Association decided to collect Rs.20000/- for every flat for installing new lift and putting new electrical panels etc for common use. . The association carried out the repair/installation work through a contractor. The company had paid Rs.80000/- as its share and debited the expense as maintenance charges. The Association is carrying out such work on behalf of all the flat owners and it has no intention of doing any other business.
Should the company is liable to deduct TDS for the share paid to the Flat Owners Association u/s 194 C or any other section.
K.K.N.Namboodiri
Should the company is liable to deduct TDS for the share paid to the Flat Owners Association u/s 194 C or any other section.
K.K.N.Namboodiri
09 March 2017
Company is not liable. But association is liable on the payment made to the contractor.
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