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TDS

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(Querist)
17 December 2009 Lets say Mr.A has two proprietary concerns ABC & XYZ. Mr.X is under audit u/s 44AB.If any amount (say Transport Charges) is payable by M/s ABC to M/s XYZ of RS.4500000,then is TDS deductible on such amount as the payer n payee are the same persons.Mr.X is claimimg such transport charges in the P&L of M/s ABC.
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Lalit

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Lalit (Expert)
18 December 2009 In case of Section 194C, it is essential that payment should be in pursuance of a contract between a person and a contractor.

In this case, no such contract is possible because a person cant make contract with itself so provision of section 194C is not applicable.
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Chinmay Desai

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Chinmay Desai (Querist)
18 December 2009 Are you sure?
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