Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 SIR I NEED ONE CLEARIFICATION REGARDING TDS ON CONTRACTS THE TOTAL AMOUNT IS 36,92,312 OUT OF WHICH 1,56,483 IS FOR PROFESSIONAL CHARGES. SIR PLEASE TELL ME UNDER WHICH SEC I HAVE TO DEDUCT TDS .SHOULD I DEDUCT FOR THE WHOLE AMOUNT U/S 194C OR I HAVE TO DEDUCT SEPERATELY UNDER BOTH THE SECTIONS I,E,.194C AND 194J

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 June 2015 Please describe the nature of contract and the exact nature of service. Give details.

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 Sir actually that company is providing labour on contract basis and previously i was calculating tds under sec 194c of it act.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 June 2015 Contract for providing Contract Labour attracts provision of Section 194C. So you did the right thing. Where is the problem?

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 Sir problem is that accountant has not deducted tds on professional charges included in that bill and I have confusion whether to deducted tds for whole amount u/s 194c or seperately under respective sections.waiting for response.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 June 2015 If it is contract for Manpower Supply i.e., Providing Contract Labour then TDS to be deducted u/d 194C on entire amount. There is no professional service involved.

Professional service is applicable in case of Manpower Recruitment/Staffing service which attracts provision of Section 194J.