TDS Ded. on Senting Work for construction a Building
This query is : Resolved
02 November 2010
I have constructed the Building for my office. It is my fixed assets creation. For that I have paid the Senting work exp. (Labour work) of Rs.300000/- by way of berrer cheque. TDS on Labour work is applicable to me or not ? I am covered under audit for previous year.
02 November 2010
Yes TDS under section 194C attracts on account of the following reasons.
1) In Associated Cement Co Ltd Vs CIT (1993) 67 Taxman, supreme court said "any work" occurring in the referred section means any work and not a work contract and hence any sum payable for carrying out any work in pursuance of a contract is liable for tax deduction under the referred section.
2)Section has been substituted by the Finance Act,2009 w.e.f 1/10/2009 wherein the definition of work begins ,in explanation (iv) , as "work" shall include..... meaning thereby the work referred in the query attracts TDS.
1) In Associated Cement Co Ltd Vs CIT (1993) 67 Taxman, supreme court said "any work" occurring in the referred section means any work and not a work contract and hence any sum payable for carrying out any work in pursuance of a contract is liable for tax deduction under the referred section.
2)Section has been substituted by the Finance Act,2009 w.e.f 1/10/2009 wherein the definition of work begins ,in explanation (iv) , as "work" shall include..... meaning thereby the work referred in the query attracts TDS.
Message likes :
1 times
02 November 2010
yes TDS will applicable
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
