Tds u/s.194c

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Balarama.p (Querist)
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17 September 2012 Dear All,

Kindly advise whether the TDS is deductible U/s.194C towards the payment made during the FY 2011-12 by an individual to individual, if the turnover during the FY 2010-11 was above Rs.60 lacs

Thanks & Regards,

BALARAM.P

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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17 September 2012 Your question is not clear to me
Tds on wat ? Payment made by Individual to Individual for which reason

Im not clear

Balarama.p

Balarama.p (Querist)
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17 September 2012 Dear Vinita,

Thanks for your response. It is towards the payment made U/s.194C i.e.,Triner Fees paid during the year 2011-12.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 September 2012 Yes TDS is required to be deducted in the given case.

Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax.

However in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if Tax Audit is applicable in previous year, TDS is required to be deducted.

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CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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17 September 2012 Thank you Sanjay Sir for the Reply.

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