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Tds

Suresh (Student Others) (38 Points)

03 October 2013

I am paying more then Rs.10,000=00 per month to a security service to look after my house. I make all payments through my bank . Do I have to deduct TDS compulsarily ? So far I have not been doing it.

S.C.

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7 Replies

NAMAN SINGHAL (CA final , CS final) (228 Points)
Replied 03 October 2013

If the person making payment is liable to tax audit then definitely the tds shall be deducted otherwise no liability arises to deduct the tds

Prashant Kini (Article Assistant) (154 Points)
Replied 03 October 2013

Since the security service is for personal purpose and not for the purpose of business, provisions of TDS is not applicable

Parthamesh P Askar (article) (53 Points)
Replied 04 October 2013

Agree with Mr. Prashant Kini

Ganeshbabu K (Audit and Tax Advisory) (48559 Points)
Replied 04 October 2013

Provision of TDS not Applicable

jamsheed adam (CA) (45 Points)
Replied 05 October 2013

Sub-section (4) of Sec 194C specifically provides that, individual or HUF shall not be liable to deduct tax where the amount is credited/ paid to contractor is exclusively for the personal purposes of such individual or any member of HUF.

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*RENU SINGH * (✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ ) (21627 Points)
Replied 05 October 2013

Originally posted by : jamsheed adam
	Sub-section (4) of Sec 194C specifically provides that, individual or HUF shall not be liable to deduct tax where the amount is credited/ paid to contractor is exclusively for the personal purposes of such individual or any member of HUF.