tds on payment to contractor by individual
This query is : Open
26 June 2017
Proprietor pays for repairs of Building (Building in name of proprietor and shown in personal books of proprietor )to contractor. The proprietorship concern is under tax audit.
Is tds required to be deducted under 194 c by proprietor for repairs? Assuming all limits for amount paid is exceeded during the year
26 June 2017
Yes you have to if covered under tax audit.
26 June 2017
But the Building is shown in personal file of proprietor and not in name of Business. Then also tds to be deducted?
27 June 2017
If payment is made by company then company will deduct TDS.
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