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......
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