Can anyone tell me that if payment is made against bill raised for hiring hall as well as for food both together ,than is TDS is deductible ,any if yes then under which section?
Devendra
(Chartered Accountant)
(4775 Points)
Replied 05 December 2010
Dear Kruti,
TDS on hiring of hall will be deductible u/s 194I. Whereas if the food is supplied by the caterers then TDS to be deducted u/ 194C.
- Individual @ 1%
- Pvt. Ltd. Co. and Regd Firm @ 2%
In case of TDS u/s 194C, threshold Limit Rs. 30000 for single bill and Rs. 75000 for aggregate amount during the whole year.
Threshold limit for TDS u/s 194I is Rs. 180000 p.a
Regards,
Devendra P Kulkarni
Rajneesh Kumar
(Finance & Accounts)
(29 Points)
Replied 06 December 2010
Dear Kruti,
TDS will not attaracting in this transaction, as per Section 194-I, if you are hyring any this type of property for your own use only occationaly not regularily basis.
It will be just like a purchase.
As per example :-
If there is a marrige of my brother & we are hyring a hall for reception party alongwith Food or others, it is only a service which is provide to us once by hall owner.
Example:- If you are a firm or company and you are hyring hall regularily basis than it will attaract TDS under Section 194-I.
Hope you understand.
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