TDS Deduction
This query is : Resolved
12 December 2009
Respected Sir
Please guide me for : A Partner Ship Firm Purchase Travelling Bills from a Firm Named OM Tourist.Prop Firm.for Travelling Expenses made by partners & Staff for Firm work.We Have Purchased upto today 100,000.00 Bills and paid also.Please Guide should TDS be Deduct. for Bills Credited in Firm Ac. (TDS @ 1%)
Regards
Please guide me for : A Partner Ship Firm Purchase Travelling Bills from a Firm Named OM Tourist.Prop Firm.for Travelling Expenses made by partners & Staff for Firm work.We Have Purchased upto today 100,000.00 Bills and paid also.Please Guide should TDS be Deduct. for Bills Credited in Firm Ac. (TDS @ 1%)
Regards
12 December 2009
it is flight bill ?
12 December 2009
Section 194C covers provisions for TDS on Contract. Under the Categories covered for contract, it contains the following category
"Carriage of goods and passengers by any mode of transport other than railways"
So in this case, the expenditure incurred may come under the purview of the TDS.
Further the section specifies that the contract can be written, oral or even implied also.
It seems from the given case that the firm has paid huge amounts on travelling expenditure to traveller. This may amount to an implied contract and the firm shall have to deduct Tax at source on such expenditure.
"Carriage of goods and passengers by any mode of transport other than railways"
So in this case, the expenditure incurred may come under the purview of the TDS.
Further the section specifies that the contract can be written, oral or even implied also.
It seems from the given case that the firm has paid huge amounts on travelling expenditure to traveller. This may amount to an implied contract and the firm shall have to deduct Tax at source on such expenditure.
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- 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
