Preeti (Article Assistant) (58 Points)
27 February 2013Hello All,
I hav a query relating to TDS. The party rendering service to the client includes service both in the nature of architechture and construction. Coming to TDS deduction, both 194J and 194C is applicable. Since its a composite contract the party can deduct tds on the same if both the services can be separated. But in case it cannot be separated, how do we calculate the TDS deduction?
Ankit
(CA, CS)
(3064 Points)
Replied 27 February 2013
Dear Preeti,
If the separation is not possible, According to me, the deduction should be made under the section which is the main essence of the contract….
CA Ankit Totla
(Practicing Chartered Accountant)
(469 Points)
Replied 27 February 2013
if the essence is also uncertain, it is advisable to deduct u/s 194 to safeguard the position of the deductor on a conservative approach
| Originally posted by : CA Ankit Totla | ||
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if the essence is also uncertain, it is advisable to deduct u/s 194 to safeguard the position of the deductor on a conservative approach |
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