Tds applicability
This query is : Resolved
nitin suvarna
(Querist)
19 April 2012
dear experts,
i had a doubt whether tds is applicable on supply of provisions (including supply of fresh water) to ships considering it as a works contract,pls guide me ......
i had a doubt whether tds is applicable on supply of provisions (including supply of fresh water) to ships considering it as a works contract,pls guide me ......
CA PARAS BAFNA
(Expert)
19 April 2012
If it is considered as a contract for any work, TDS U/s 194C becomes applicable.
.
.
CA PRAVEEN SINGH
(Expert)
19 April 2012
YES IT IS A NATURE OF CONTRACT.
TDS IS TO BE DEDUCTED U/S 194C
AGREE WITH ABOVE.
TDS IS TO BE DEDUCTED U/S 194C
AGREE WITH ABOVE.
CA Kishore Tallam
(Expert)
19 April 2012
I believe its not a transaction attracting TDS. Doing business with a Company i.e. supplying provisions and water will not attract TDS.
nitin suvarna
(Querist)
19 April 2012
thx paras ji & praveen ji ,what 's the appropriate reasoning for not applying tds......
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Visiting card purchase
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Additional trade name
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
