Tds to be deducted or not

This query is : Open

Sonam (Querist)
Follow

20 January 2015 water charges paid to water supplier.water is supplied through 14 tons tanker. at rate is fixed @950 per tanker. Monthly bill amounts to Rs. 100000. whether tds is to be deducted? if yes under which section?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

20 January 2015 TDS is to be made u/s 194C....

Ca Jai Prakash Agarwal

Ca Jai Prakash Agarwal (Expert)
Follow

20 January 2015 here we need to refer the contract. since this is a contract of water supply, it should be covered under section 194 C and TDS is to be deducted accordingly. Pls see that in case of goods supply contract no TDS is to be deducted.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

20 January 2015 no tds is applicable as this transaction amounts to sale and purchase of goods (water).

CA JITESH KHANDELWAL

CA JITESH KHANDELWAL (Expert)
Follow

21 January 2015 TDS should not be deducted on supply of water because no service portion is involved, it is for supply of water.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA K GIRIDHAR

shubham agrawal

T E SOUNDARARAJAN

Krishnan V

Sivanath VV

Subscribe Now

Tds to be deducted or not

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

Senior Executive

Accountant

GST CONSULTANCY

CA Final