Tds
This query is : Resolved
24 April 2012
TDS reqd to be deducted on paymt made by builder to builder association.If yes then under which sec 194 J or wht?b/c its not a contract.
CA PARAS BAFNA
(Expert)
24 April 2012
Payment made to association may be in the nature a contribution or subscription.
In such a case TDS is not required to be deducted.
.
For getting proper reply please mention the purpose and amount paid.
.
In such a case TDS is not required to be deducted.
.
For getting proper reply please mention the purpose and amount paid.
.
CA PARAS BAFNA
(Expert)
25 April 2012
In my view, the subscription has been given to a mutual organisation which is working exclusively for the purpose of business and such exempt.
.
However, Section 40A(3), would be attracted as expenditure has been incurred in cash.
.
.
However, Section 40A(3), would be attracted as expenditure has been incurred in cash.
.
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