40A(3)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 when we paid Rs 100000 in cash
and paid the sum of Rs. 100000 in part payment in cash are represent at one bill at different dates. You told me whole amount of Rs 100000 are not attracted.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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27 December 2010 you can pay upto 20000 per day .Then 40A(3) will not be attracted.

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 A CONSTRUCTION COMPANY (PARTNERSHIP FIRM) HIRES J.C.B MACHINES, DUMPERS, TROLLERS, ROAD ROLLERS ON A DAILY BASIS.

Can it includes under transporter where TDS is not applicable when it quotes the pan.

But if it is not included in transporter then its expendtiure are booked in which head..???
WHETHER THE ASSESS IS REQUIRED TO DEDUCT TDS under transporter or not

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CA Sanat Pyne

CA Sanat Pyne (Expert)
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27 December 2010 THE ABOVE EXPENSES WILL BE BOOKED UNDER HIRING CHARGES. AND TDS WILL BE DEDUCTED U/S 194C.

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 but under section 94C of contractor includes transporter where TDS is not applicable when it quotes the pan.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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27 December 2010 THE ABOVE EXPENSES DOES NOT FALL UNDER TRANSPORT EXPENSES. IT WILL BE TREATED AS HIRING CHARGES.

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 A CONSTRUCTION COMPANY (PARTNERSHIP FIRM) J.C.B MACHINES, DUMPERS, TROLLERS, ROAD ROLLERS ON A TDS is applcable or not any amendment or case law should be provided.