Contractor raised a bill of Rs 100000/- aand a company deducted tax u/s 194c @ 2%. beside this company also deducted a architect fee to be paid to architect with which seperate contract is made by company. while co will make payment of deducted amount to architect does co require to deduct the tds on this payment. as company has already deducted tax on rs 100000/-. co is simplly a middle man.
Exp.
bill amount 100000/-
deduction
tds 2000(2% on Rs 100000/-)
architect fee 20000/-
net payment rs 78000/-
CAclubindia
