TDS on contract
This query is : Resolved
01 February 2011
Dear sir,
I am an individual doing part time jobs. I am not doing any business. I am constructing a building for giving the entire building on lease to school. In which I am paying amounts to labour contractor and professional fee. Whether I have to deduct TDS or not?
Ramana
I am an individual doing part time jobs. I am not doing any business. I am constructing a building for giving the entire building on lease to school. In which I am paying amounts to labour contractor and professional fee. Whether I have to deduct TDS or not?
Ramana
01 February 2011
You are not required to deduct TDS on any payments which are being made by you.
TDS is required to be deducted by only those Individuals whose turnover (Sales)/ gross receipts exceeds 60lacs/ 15lacs.
You need not to worry. You just concentrate upon the construction work, so that it can be completed till the next session starts. with all the best-
TDS is required to be deducted by only those Individuals whose turnover (Sales)/ gross receipts exceeds 60lacs/ 15lacs.
You need not to worry. You just concentrate upon the construction work, so that it can be completed till the next session starts. with all the best-
01 February 2011
Agree with expert
Guest
Guest
(Expert)
01 February 2011
Go ahead with Mr. Bafna
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- 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?
Trending Online Classes
CAclubindia
