to what type of expense 194 C is applicable?
i means is there specific type of expense to whom 194C is aplicable or 194 C is applicable to any ttype of contract ?
In case of a society not registered u/s 12 A-
1. Will it be assessed as APO, shares of whose members is indeterminate.
2. The return form to be used is ITR 5 or 7
3. Suppose the society has received voluntary contributions worth Rs 2 laks and spent Rs 1.80 lakh for charitable purpose, then whether Rs 20,000 would be chargeable to tax and if yes whether would it be chargeable at MMR.
i m working with a company which i have recently joined but here i am getting some problem with TDS actually i m not familiar with tds as much.
my query is about that how to calculate the tds for different persons.
Dear Colleagues,
My Client is indulged in Transport business.
He pays freight charges to many lorry drivers
To comply with TDS Provisions, my client deducts TDS from payment made to lorry drivers. But, most of the lorry drivers does not have PAN Numbers (obviously)...
Now the client has to file TDS Return every quarter. But, due to Non - availability of PAN, he is unable to file the return.
What to do?
Also tell me, whether TDS provisions are applicable to the client for the above transaction under 194C?
Please do quote relevant circular/notification also.
Expert Shekhar and Shyam both gave opposite answer to my Q with regards to deduction of TDS on Capital expenditure and ravenue exp.
to clarify my doubt more further
Capital expenditure from my side will be revenue income for other
SO does deduction of TDS required on capital exp amount ?
we pay AMC but on what TDS deduction to be made ?
only on AMC amount or also on Capital expenditure amount ?????
nri hving salary income in middleeast from the employer,being the forigner.in the state of service no incometax is payable.whther the incometax to be paid in india by the nri.
we pay AMC but on what TDS deduction to be made ?
only on AMC amount or also on Capital expenditure amount ?????
Cash payment exeecding Rs 20000/- can not according to Income Tax Act but the question is within one day cash payment not execding 20000/- or within one year cash payment not execding Rs.20000/- please reply as soon as possible.
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