Easy Office
LCI Learning

TDS rate on Designing,Civil Work and Material purchase for construction of Biogas Plant

This query is : Resolved 

10 July 2024 Dear all,

Our company has given one vendor a comprehensive contract for the design, material procurement, construction, and installation of a Biogas plant.

I wanted to know at what rate TDS will apply on such a contract type.

Thanks & Regards,
Ravi Konda

10 July 2024 Under section 194C, for resident Indian co.

10 July 2024 Is there link available so that it will be helpful for us at time of audit

10 July 2024 If the contract is single without distinguishing the designing amount separately, then it is considered composite order as installation of plant and machinery on turn key basis, and will be considered under sec. 194C IT act.

Refer: 1. https://taxguru.in/income-tax/sc-explains-tds-on-construction-erection-commissioning-of-plants.html

2. https://www.casemine.com/judgement/in/5ae19e7c9eff43715bafa3d6

10 July 2024 Thank you sir,it will help us in explaining to auditor

10 July 2024 You are welcome.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries

Answer Query