Payment made to Joint Venture Co attracts TDS

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2010 Hello friends,

A Ltd & B Ltd having an equal share in Joint Venture C Ltd. When A Ltd makes payment for the work( Covered u/s 194c) given to C ltd should attract TDS provisions. Pls tell the applcablilty and its applications if A ltd having 50% share in C ltd

22 March 2010 A, B, C all are separate assessable units. In the absence of any specific exemption from TDS for payment by Joint venture to co venturers, TDS get attracted.

22 March 2010 tds deduction is require




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