Tds query
This query is : Resolved
30 April 2018
One of my client is a Petroleum Dealer ( HSD and Petrol) , LFR (Licence Fees Recovery) is credited to his account by BPCL, HPCL , How to deduct TDS on such amount of LFR and what is the nature of the payment.
194 I Rent
194 C Contract
194 J Technicle Services
194 I Rent
194 C Contract
194 J Technicle Services
30 April 2018
One school of thought says no TDS since it is part of purchase price.
My understanding says, 194C attracts since the underlying reason of LFR arises
from the contract between petroleum company and dealer.
My understanding says, 194C attracts since the underlying reason of LFR arises
from the contract between petroleum company and dealer.
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