Tds

what is the nature of paymetn recd by you?

Please elaborate your Query..

kindly provide further details such as..

i ) Nature of Payment: ii) Amount Received: iii) any other detail you feel is relevant for the the query raised by you.

Payment to sub Contractor

Amount received:

6,00,000

5,00,000

Like that total 48,00,000/-Received

Yes, even if you receive the consideration in cash the payer is entitled to deduct at source.

It is a different matter that he will be exposed to non compliances as he is paying such huge sum in cash.

Regards,

Originally posted by : roopanand
	Payment to sub Contractor Amount received: 6,00,000 5,00,000 Like that total 48,00,000/-Received

Payment made to sub-contractor is liable for deduction of tax at source u/s. 194C.

Its a different issue that cash payments (in aggregate per day) above Rs.20,000/- made towards expenditure incurred is disallowable u/s. 40A(3)in the hands of the payer..

Further, the payer shall also face disallowance of this expense u/s. 40(ia) on account of non-deduction of tax at source on contract payments.