t.d.s.

During Audit i have found that tds is not deducted u/s 194c in case contract amt of freight is above Rs. 50000 with a party because form 15-1 is issued by the party...nw my question is wat is dis form-15-1 and wen it can be issued and who can issue...?

Replies (2)

TDS u/s 194C should not be deducted id the following conditions are satisfied:

  • Consideration for work contract is paid by resident contractor to resident sub contractor.
  • the resident subcontractor is a Individual
  • the aforesaid amount is paid or payable  to the sub contractor during the course of business of plying, hiring or leasing of goods carriages
  • the resident sub contractor doers not own more than 2 goods carriages at any time during the PY.
  • the resident sub contractor submits a declaration to the payer in Form 15I

Dear Pravin please give more details about form 15-1

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details