We have purchase / get service of Water Jars of 25 Ltr filter and cooled water by one day gap system.
Whether TDS is applicable on this transaction?
if yes, which section, percent and why?
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 30 November 2018
Yes...
TDS for Water Supply Service, Income Tax. Tds is applicable on water supply. It shall be levied under section 194C (Payments to contractors and sub-contractors) of the Income Tax Act,1961
TDS for Water Supply Service, Income Tax. Tds is applicable on water supply. It shall be levied under section 194C (Payments to contractors and sub-contractors) of the Income Tax Act,1961
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 01 December 2018
Yes Covered by Section 194C as these transactions has essence of of Contractual obligation.
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