If TDS is not deducted u/s 194C for parties who do not have continuous contract (either oral or written), the expenditure will not be disallowed.
Does anyone know the notification reference details???
Sona Shalini (Chartered Accountant CS Final ) (82 Points)
08 July 2011If TDS is not deducted u/s 194C for parties who do not have continuous contract (either oral or written), the expenditure will not be disallowed.
Does anyone know the notification reference details???
RAJU
(LEARNER)
(1089 Points)
Replied 08 July 2011
Hi,
Every transaction is a contract and there is no concept of continuous contract or otherwise... So, I belive there is no aspect of continuous etc., regarding tax deduction
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