Tds on housing cooperative society.
This query is : Resolved
23 June 2014
Dear Sir/ Madam,
Whether Housing Society is required to deduct TDS on payment of their security charges u/s 194C of the Income Tax Act?
In the explanation of section 194C it is mentioned in clause (g) that society is required to deduct TDS, whereas in clause (l) it is mentioned that AOP/BOI are required to deduct TDS only when they are liable to audit their accounts u/s 44AD.
Please clarify us.....
With Regards,
CA Neeta Parwani
Whether Housing Society is required to deduct TDS on payment of their security charges u/s 194C of the Income Tax Act?
In the explanation of section 194C it is mentioned in clause (g) that society is required to deduct TDS, whereas in clause (l) it is mentioned that AOP/BOI are required to deduct TDS only when they are liable to audit their accounts u/s 44AD.
Please clarify us.....
With Regards,
CA Neeta Parwani
23 June 2014
society not exempt for deduction for TDS if it make payment liabile to deduct the TDS.
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