Tds on contractor

This query is : Resolved

Taruna Saini (Querist)
Follow

26 July 2012 Client: service provider
monthly payments made by client to a contractor as follows
electricity expenses: 39503 (vary month by month)
water and charges: 2000
maintenance: 16165 ( same in every month)
service tax: 1665 (only on maintenance portion)
payment made to contractor in a month:59333

my question is on which amount tds would be deducted i.e, only on maintenance portion or on total payment of Rs. 59333.

if contractor has charged surcharge for late payment then whether tds would be deducted on that surcharge (late payment charges)

and what is correct treatment of that surcharge i.e, how to adjust this late payment charge.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

26 July 2012 The bill that is raised is very important document. The TDS will be on total amount of bill rtaised by the the word used is contractor. The lucid test in this regard is the WORDING of the concerned section. 192 till 197. In some of the sections (194J), the word used is income. Only in those sections the questions of deciding income out of the bill amount is to be looked upon.

Taruna Saini

Taruna Saini (Querist)
Follow

29 July 2012 thanks a lot sir. now my query has been solved by your reply.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

MURALIKRISHNA EDDANAPUDI

Ashutosh Purohit

K.S. ANANTHARAJAN

Rasheed Mohd Abdul

Ravi

Subscribe Now

Tds on contractor

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT

Accountant

CA Final