TDS
This query is : Resolved
30 November 2009
A assessee doing Textiles Business, he doing Purchase Yarn after that Bleaching work , Dryeing work & Weaving works made. in this case Tds Applicable or not for Bleaching , Dyeing , Weaving Work, annual turn over exceeds 40 laks please give me full details. any benefit avail for Financial year 2007-2008.
30 November 2009
If the bleaching work, dying etc, is outsourced on a contract basis than ofcourse TDS is applicable. If the same is done inhouse by the employees of the assessee than TDS is applicable if salary/wages of the employees exceeds exemption limit.
11 December 2009
TDs is applicable in your case as it is a works contract. If your assessee is a proprietor ship concern, 1st year of audit is exempted from TDS provisions.
11 December 2009
No First answer is correct
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
