Dear All,
Please help me with sec 194 C. Ours is a proprietorship engaged in construction works.Presently we are doing the work of a residential house. The contractee is a NRI.Since the work is of a residential building, is the contractee is liable to deduct TDS from Us?
Thanking you
Ambili
the services are being rendered in India as the construction is happening in India. Hence this is chargeable to tax & TDS on the same has to be deducted by the payer. If ur client does not deduct TDS then there is noe harm, because the act says that, if no TDS is deducted then the expense will be disallowed. you have no concern for that. its the clients call,& laws which govern him.
Arpan Bohra & Co
Hyderabad
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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CCI
Pro
CAclubindia
