Tds on mobilisation advance
This query is : Resolved
27 January 2012
Plese infomr me regarding Notification or Circular NO. along with year Regarding Tax Deduction on Mobilisation advance given to Contractors.
Thanking you
Thanking you
27 January 2012
No circular. please read the section.194
(1) Any person responsible for paying any sum to any resident (hereafter in this section referred to as the contractor) for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and a specified person shall, at the time of credit of such sum to the account of the contractor or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier
so bill accounting or payment which ever is earlier need to deduct TDS
(1) Any person responsible for paying any sum to any resident (hereafter in this section referred to as the contractor) for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and a specified person shall, at the time of credit of such sum to the account of the contractor or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier
so bill accounting or payment which ever is earlier need to deduct TDS
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31 January 2012
Thank you sir
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