Tds to be deducted or not
This query is : Open
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
(Expert)
20 January 2015
TDS is to be made u/s 194C....
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.
20 January 2015
no tds is applicable as this transaction amounts to sale and purchase of goods (water).
CA JITESH KHANDELWAL
(Expert)
21 January 2015
TDS should not be deducted on supply of water because no service portion is involved, it is for supply of water.
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