banner_ad

Tds query urgent

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 December 2011 WE ARE RUNNING AN HOSPITALITY SERVICES IN MEANS OF RESTAURANTS SO NOW MY DOUBT WAS


WE ARE RUNNING HOTEL IN THE SPACE OF Mr. A WITH AN AGREEMENT THAT "IN NET PROFIT WE LL GIVE 50% OF SHARE". SO WHILE AT THE TIME OF PAYEMENT OF THAT SHARE TO OWNER ( 50% OF SHARE) WE HAVE TO DEDUCT TDS OR NOT. IF YES MEANS HOW MUCH? PLS URGENT
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 December 2011 URGENT PLS
Profile Image

Hari Beldona

Profile Image

Hari Beldona (Expert)
20 December 2011 In my opinion it is better to deduct TDS as there is a contract to share in profits who is not a partner
For the Financial Year 2011-12-1% If PAN is there, if no PAN-20%
Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
20 December 2011 as per my knowledge tds would be deducted @10% under sec 194I, SINCE OWNER HAS OBTAINED THE SHARE TOWARDS SPACE PROVIDE FREE OF COST.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details