Whether to deduct tds by aop
This query is : Resolved
27 January 2012
party is a residential association and they make payment to a contract for some building works. whether to deduct tax on such payment. 44 ab is not applicable for this aop and share of profit is undeclared
CA PARAS BAFNA
(Expert)
27 January 2012
DEDUCTION IS REQUIRED SUBJECT TO THE LIMITS PRESCRIBED U/S 194C.
(30000/- Single contract.
75000/-- Aggregate Contract Amount.)
(30000/- Single contract.
75000/-- Aggregate Contract Amount.)
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