TDS u/s. 194C
This query is : Resolved
23 February 2010
Mr A, individual is having two proprietory concerns for eg X and Y.
If Concern X gives contract to concern Y above Rs. 50,000/-, than whether it is liable to deduct TDS u/s. 194C as the both the concerns are of the same person
If Concern X gives contract to concern Y above Rs. 50,000/-, than whether it is liable to deduct TDS u/s. 194C as the both the concerns are of the same person
CA Ashok Kumar Sahu
(Expert)
23 February 2010
if both the concern is proprietorship, then specify the nature, otherwise 194c is applicable, liable to deduct TDS
23 February 2010
Both are having same PAN and TAN as well as boh arae liable to audit. Further therir audited balance sheet are prepared together. Thus, 194C will still be liable
CMA Ramesh Krishnan
(Expert)
23 February 2010
If the different PAN,TAN sec.194C applicable
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