Whether tds to me made for following payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2013
Dear Sir,
i hade assigned a contract one of abc party to complete the work worth 2.00 crores. abc co charged rs. 5,00,000/- as service charges for the assignement. as per the agreement tds is made on professional fee of Rs. 5,00,000/- @ 10%. and abc co given sub contract to xyz co for completion of my project. tds is deducted & paid by abc co. for payments made to xyz co.
whether i should deduct the tds on payments made to xyz co by abc?
i hade assigned a contract one of abc party to complete the work worth 2.00 crores. abc co charged rs. 5,00,000/- as service charges for the assignement. as per the agreement tds is made on professional fee of Rs. 5,00,000/- @ 10%. and abc co given sub contract to xyz co for completion of my project. tds is deducted & paid by abc co. for payments made to xyz co.
whether i should deduct the tds on payments made to xyz co by abc?
06 March 2013
You would not be liable to deduct tax on payments made to xyz by abc
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