tds-contractor
This query is : Resolved
rakesh sharma
(Querist)
27 September 2008
TRUCKS ARE HIRED FOR TRANSPORTATION OF GOODS FRON TRUCK STAND.FROM TIME TO TIME
THE PAYMENT TO SINGLE PARTY EXCEEDS RS 50000/- IN A YEAR. IS TDS DEDUCTIBLE EVEN IF THERE IS NO CONTRACT.
REGARDS
TRUCKS ARE HIRED FOR TRANSPORTATION OF GOODS FRON TRUCK STAND.FROM TIME TO TIME
THE PAYMENT TO SINGLE PARTY EXCEEDS RS 50000/- IN A YEAR. IS TDS DEDUCTIBLE EVEN IF THERE IS NO CONTRACT.
REGARDS
rakesh sharma
(Querist)
27 September 2008
112
rakesh sharma
(Querist)
27 September 2008
11
CMA Jitendra Singh
(Expert)
27 September 2008
Yes ,TDS under section 194C is attracted in this case
K V Subba Rao
(Expert)
27 September 2008
You have to affect TDS whether a formal contract has been entered into or not.
Don't you think that if one could avoid TDS just by not writing or entering into contract, every body would do the same.
If the monetary limits prescribed under Sec 194-C are reached, you have to affect TDS
Don't you think that if one could avoid TDS just by not writing or entering into contract, every body would do the same.
If the monetary limits prescribed under Sec 194-C are reached, you have to affect TDS
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