Tds sec 194c
This query is : Resolved
CHINTAN J. SHAH
(Querist)
12 February 2013
In a rent cum maintenance contract;
the lessor, collects whole of the sale proceeds of the lessee business & pays him only the balance left after deducting his rent & maintenance charges.
Is the lessee liable to deduct TDS U/s 194C-contract for the maintenance charges charged by lessor?
How will it be possible to deduct the TDS by the lessee since the lessee receives only the balance collection?
the lessor, collects whole of the sale proceeds of the lessee business & pays him only the balance left after deducting his rent & maintenance charges.
Is the lessee liable to deduct TDS U/s 194C-contract for the maintenance charges charged by lessor?
How will it be possible to deduct the TDS by the lessee since the lessee receives only the balance collection?
CA Suraj Lakhotia
(Expert)
12 February 2013
Tax has to be deducted by the lessee.
He has to debit lessor with TDS and ask for the same to be added to his payments.
He has to debit lessor with TDS and ask for the same to be added to his payments.
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