Tds u/s.194c
This query is : Resolved
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
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
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
Tds on wat ? Payment made by Individual to Individual for which reason
Im not clear
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.
Thanks for your response. It is towards the payment made U/s.194C i.e.,Triner Fees paid during the year 2011-12.
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.
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.
Message likes :
1 times
17 September 2012
Thank you Sanjay Sir for the Reply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
