TDS LIABILITY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2011
ONE ENTITY HAVING BUSINESS OF CONSTRUCTION HAS PAID APPROX. RS. 3 LACKS DURING THE F.Y. 2010-2011 TO ONE PARTY AS A CRANE CHARGE FOR SHIFTING OF MATERAILS / MACHINEERIES AT DIFFERENT CONSTRUCTION SITES / LOCATION. WHETHER ENTITY HAS TO DEDUCT TDS ON SUCH PAYMENT (SOME BILL OF THE PARTY ARE MORE THAN RS. 20,000 )
CMA Ramesh Krishnan
(Expert)
21 May 2011
yes. need to deduct TDS as per section 194I. Hiring of machinery and equipments
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