11 December 2013
We are Proprietorship manufacturing concern holding factory on lease. in factory two Rooms are constructed for Factory staff in which we paid Rs.150000/- for labour & Moistri to one of the head of labour in various date by cash below Rs.20000/-.However we have managed to purchase & used own material by ourself. we are governed u/s 44AD of I.Tax act. 1)Shall we required to deduct TDS for payment made to head of labour for Labour & Mistri work carried out by them. 2) We have factory on lease so shall we capitalise all exp or not.
CAclubindia
