Tds on contractors - section 194c
This query is : Resolved
23 September 2012
Sir
I am constructing a residential house for Rs 1 crore. I have entered into an contract with a contractor for the construction work.The contract value is Rs one crore.
Am i liable to deduct TDS at 2@ on this contract amount or am i exempted from deducting TDS,as the construction is for my residential personal purpose.My turnover from business is below 30 lakhs.
Please help.
I am constructing a residential house for Rs 1 crore. I have entered into an contract with a contractor for the construction work.The contract value is Rs one crore.
Am i liable to deduct TDS at 2@ on this contract amount or am i exempted from deducting TDS,as the construction is for my residential personal purpose.My turnover from business is below 30 lakhs.
Please help.
23 September 2012
Hey if your individual and if you don't have tan number there is no liability on you deduct rds.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- NRI starting business in India
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Resigning a auditor from the company for misconduct
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- EXPORT COMMERCIAL INVOICE HSN CODE
- Capital gain on sale and purchase of plot
- Form 140 tds
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
