FRIENDS
THE PURCHASE OF ASSET INCLUDES THE SUPPLY OF ASSET AND ERECTION AND COMMISSIONING OF THE ASSET.
KINDLY REPLY WHETHER TDS COMES UNDER 194C or 194J FOR THE ERECTION AND COMMISSIONING AMOUNT
AT WHAT RATE TO DEDUCT TDS
CA VIJAYAKUMAR S (a) (107 Points)
24 January 2011FRIENDS
THE PURCHASE OF ASSET INCLUDES THE SUPPLY OF ASSET AND ERECTION AND COMMISSIONING OF THE ASSET.
KINDLY REPLY WHETHER TDS COMES UNDER 194C or 194J FOR THE ERECTION AND COMMISSIONING AMOUNT
AT WHAT RATE TO DEDUCT TDS
Pankaj Arora
(Learner)
(3134 Points)
Replied 24 January 2011
If you are within contract for AMC than you should deduct tds u/s 194C at 2 % for company or 1 % for individual or huf.
I don’t think erction and commissioning of the asset comes u/s 194J
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