Tds deduction on contarcts payments
This query is : Open
Amit Hindlekar
(Querist)
04 March 2015
Payer is an individual making payments above the exemption threshhold to a contractor which is a sole proprietory concern. the payment was to construct a residential bungalow for personal residential use. would he be exempt from deducting TDS while making paymemts?
Separately, if the payer is a company with no current turnover, paying to a proprietory concern, would it be required to deduct TDS while making paymemts?
Separately, if the payer is a company with no current turnover, paying to a proprietory concern, would it be required to deduct TDS while making paymemts?
CA Meetali
(Expert)
04 March 2015
As individual is making payment for his residential purpose he would not be liable to deduct tds.
If payer is company it would be required to deduct tds.
If payer is company it would be required to deduct tds.
Amit Hindlekar
(Querist)
05 March 2015
Thanks Meetali but the company has no turnover and therefore not liable for a tax audit u/s 44. Will it still be liable?
Amit Hindlekar
(Querist)
05 March 2015
Thanks Meetali but the company has no turnover and therefore not liable for a tax audit u/s 44. Will it still be liable?
CA Meetali
(Expert)
09 March 2015
Yes, Company is required to deduct 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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
