TDS

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This discussion clarifies the applicability of Tax Deducted at Source (TDS) under Section 194C for a private limited logistics company making hire payments to subcontractors. It also addresses a specific scenario where the subcontractors and company directors are the same individuals, questioning if TDS under 194C still applies and if the directors' transport income and expenses can be recorded as business transactions.

sankar ponnan

sankar ponnan (Querist)
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01 July 2020 SIR

A Private Ltd Logistics company pays the hire payment to its subcontractors. How TDS will be applicable here?

guide me please
thanks in advance

CA Shrey Tripathi

CA Shrey Tripathi (Expert)
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02 July 2020 194C is applicable

sankar ponnan

sankar ponnan (Querist)
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04 July 2020 further one more doubt please,
in case, both the sub-contractors and the directors of company are the same, will TDS U/S 194C be applicable?
And Can the income and expenses of transport of directors be accounted in business ?

thanks in adv

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