Tds applicability
This query is : Resolved
09 September 2012
if a single payment made to a party exceeds Rs.30000 for repairs and maintenance , then is T D S applicable U/s 194C for such expenditure by assuming the transaction is on contract basis? kindly reply
09 September 2012
If the transaction regarding to contract basis then 194C TDS applicable otherwise no.
Assume if a work contract given to a mechanic or others to repair or to do repairs to the machines or any other for such pre-fixed amount at the time of agreement is called contract and TDS would be deduct u/s194C.
Otherwise if the work allotted to a mechanic or others to repair and the amount to be paid after the completion of such repairs as per the bills etc... expenses which are actually made then it is not the contract and not attracts 194C TDS.
If you understand then ok. Otherwise write clear about the transaction details like amount of payment,conditions, nature etc..
OM SAI SRI SAI JAI JAI SAI
Assume if a work contract given to a mechanic or others to repair or to do repairs to the machines or any other for such pre-fixed amount at the time of agreement is called contract and TDS would be deduct u/s194C.
Otherwise if the work allotted to a mechanic or others to repair and the amount to be paid after the completion of such repairs as per the bills etc... expenses which are actually made then it is not the contract and not attracts 194C TDS.
If you understand then ok. Otherwise write clear about the transaction details like amount of payment,conditions, nature etc..
OM SAI SRI SAI JAI JAI SAI
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Conversion of Pvt Ltd Company to a LLP
- Accounting Policies changes
- Expenses add back in profit
- SECTION 194T
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- GST on Fresh Juice Center(Sugarcane)
- Sale of Gold ornaments
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
