Section 40A(2)
This query is : Resolved
01 March 2011
My client has received the invoice in the following manner from the workforce hiring agency:
Rent of Coffee machine - 1200 pm
Attendants charges - 8850 pm
In addition he has attached the inv of one of his suppliers of Rs. 21825pm for the supply of the tea/coffee powder. The payment in one single cheque is made to the agency.
DOes the same gets covered under the 40A(2) as the payment to the supplier is made by the mode other than a/c payee cheque. & whether there is any TDS involved
Rent of Coffee machine - 1200 pm
Attendants charges - 8850 pm
In addition he has attached the inv of one of his suppliers of Rs. 21825pm for the supply of the tea/coffee powder. The payment in one single cheque is made to the agency.
DOes the same gets covered under the 40A(2) as the payment to the supplier is made by the mode other than a/c payee cheque. & whether there is any TDS involved
01 March 2011
As this is a contract for supply of tea/coffee TDS under 194C should be deducted.
01 March 2011
But does this gets covered under the 40A(2)
01 March 2011
Yes It is covered under Section 40A(2) provided agency is a related party as defined under 40A(2)(b)
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