Tds related
This query is : Resolved
23 March 2015
Applicable TDS has to be deducted.
194-I 10%.(If Berth classified as plant and machinery 2%).
194-J 10%.
194-C 2%.
194-I 10%.(If Berth classified as plant and machinery 2%).
194-J 10%.
194-C 2%.
23 March 2015
seetaraman G, Berth is a place not any plant mechanery.
My query is, i have to deduct as per individual items in the bill or in gross amount i can deduct TDS by some rate?
please suggest me by some supporting case laws or Income Tax sections.
above all items are charged in single Bill by separate head items.
My query is, i have to deduct as per individual items in the bill or in gross amount i can deduct TDS by some rate?
please suggest me by some supporting case laws or Income Tax sections.
above all items are charged in single Bill by separate head items.
23 March 2015
You have to deduct individual items as per bill. Then only you are complying with the requirements of TDS sections.
23 March 2015
Do you have any supporting Case Laws to support your reply?
Because i have to answer my Boss with relevant supporting and now they are charging 2% assuming contract Basis due to multiple of service provided by them.
Because i have to answer my Boss with relevant supporting and now they are charging 2% assuming contract Basis due to multiple of service provided by them.
23 March 2015
Question 29 : Whether a maintenance contract including supply of spares would be covered under section 194C or 194J of the Act ?
Answer : Routine, normal maintenance contracts which include supply of spares will be covered under section 194C. However, where technical services are rendered, the provision of section 194J will apply in regard to tax deduction at source
See the link.
https://www.itatonline.org/articles_new/wp-content/files/s_194C_controversies_solutions.pdf
Answer : Routine, normal maintenance contracts which include supply of spares will be covered under section 194C. However, where technical services are rendered, the provision of section 194J will apply in regard to tax deduction at source
See the link.
https://www.itatonline.org/articles_new/wp-content/files/s_194C_controversies_solutions.pdf
23 March 2015
seetharaman g,
The details you have provided is all related to debate regarding which TDS rate applicable but we have clear TDS rate. The Problem is all items charged in single bill and we have to deduct TDS on the single bill by same uniform rate of different rate as per each individual Items charged on a bill.
The details you have provided is all related to debate regarding which TDS rate applicable but we have clear TDS rate. The Problem is all items charged in single bill and we have to deduct TDS on the single bill by same uniform rate of different rate as per each individual Items charged on a bill.
23 March 2015
I am saying about the practice followed in our company. You can check with other customers of Vizack port trust.
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