18 June 2022
I am running a medical lab. For the expansion purpose, i have jointly operate medical lab with some other parties who are dealing pharma business(medical store) on r revenue share basis. Medical store provide some area of their building to us and we collect swab from there. As per our agreement we are liable to 20% of gross revenue to party. In this scenario, what section of TDS applicable.
20 June 2022
We have collect the amount as based on an revenue share agreement/contract. Is it covered u/s 194 I. Can we collect TDS u/s 194 C as based on this agreement.
CAclubindia
