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TDS deduction

TDS / TCS 1440 views 4 replies

Dear All,

An trade fair organiser has issued bill to a company as
"Pariticpation fee" plus service tax. towards company stall in the
trade fair. Pls clarify do the company has to deduct tax on the bill

Regards
Replies (4)
Yes, the company is liable to deduct tax at sourece as per the provision os Section 194 I of the income tax act. Read this to clerify yourself.... (Rent means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of (either separately or together) any, (a) land; or (b) building (including factory building); or (c) land appurtenant to a building (including factory building); or (d) machinery; or (e) plant; or (f) equipment; or (g) furniture; or (h) fittings, whether or not any or all of the above are owned by the payee;)
Yes, U/S Section 194 I of the I.T.Act the company is liable to deduct tax at source.
What is deduction procedure in RA Bill ( Running bill ) .i.e , if he is contractor supply labour and material Pluss transporation for carrying labour and materials . Service tax applicable in RA Bill . I

Dear Sir/Maam,

I AM IN BIG PROBLEM, PLS. HELP ME how to calculated TDS on transportation we have hire transport . from last two months we have not deducted TDS now i have to deduct it how can in, our transporter not agree to deduct two months TDS. what i do..

regards,

 

yameen

 


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