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Whether tds provision u/s 194 c is applicable to trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 October 2012 For F.y.2011-2012 there is development of building of private trust and the contract of developing building is given to messon.But TDS is not deducted so far. What are the consequences for the same.
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@VaibhavJ

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@VaibhavJ (Expert)
26 October 2012 Hi,

Yes it is applicable..

Pl refer notification..

http://taxguru.in/income-tax/tds-provision-us-194c-applicable-to-association-of-persons-and-body-of-individuals.html

Rgds//Vaibhav
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CA Amit Jaiswal

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CA Amit Jaiswal (Expert)
26 October 2012 194C is applicable.
You can still pay the TDS amt alongwith interest.




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