Applicability of tax?
This query is : Resolved
21 October 2012
There is a constructing company.
Labour charge is one of the major expenses there.
labour charges is given to a person and the aggregate payments during the year exceeds rs 75000
is tds applicable if there is no contract b\w the company & the person and the payments to the person are through bank???
or is any other tax applicable?
hoping for a reply soon..
Labour charge is one of the major expenses there.
labour charges is given to a person and the aggregate payments during the year exceeds rs 75000
is tds applicable if there is no contract b\w the company & the person and the payments to the person are through bank???
or is any other tax applicable?
hoping for a reply soon..
21 October 2012
Tds has to be deducted u/s 194 C as such labour charges are covered with in the ambit of Contract payments .
Message likes :
1 times
21 October 2012
Yes it will be covered u/s 194 c
Message likes :
1 times
21 October 2012
TDS has to be deducted
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Valuation of diamonds as on 01.04.2001
- What is meaning of merging of expenses or income in accounts
- Accounting treatment of write off sundry debtors
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
