Tds
This query is : Resolved
05 August 2014
My client has a hotel business & he is erecting a new building for the same is the he has installed a life is the TDS deductible under 194C ??
If yes Then If a fixed asset is purchased and the specifications are given by the buyer then is TDS is deductible though the raw material is not supplied.
If yes Then If a fixed asset is purchased and the specifications are given by the buyer then is TDS is deductible though the raw material is not supplied.
05 August 2014
Answer to your first question is yes, Your client has to deduct TDS 194C.
TDS is not applicable on pure sale & purchase transaction.
TDS is not applicable on pure sale & purchase transaction.
06 August 2014
but suppose if the asset purchased is dies which is specific in nature...and if the answer to the the first question is yes then lift installation also includes manufacturing which is as per specification of client and on contractual basis then how come we should not deduct TDS other fixed asset
06 August 2014
if raw material is not supplied then no tds is deducitble.
06 August 2014
simply If your invoice contain service tax then deduct tds.
06 August 2014
as per notification no 1/2014 no tds is applicable on service tax portion.
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- SHARE TRANSFER PRIVATE LIMITED COMPANY
- Car Purchases in Daughter Name
- Invoicing in different currency
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- GST RCM not shown in GSTR-3B
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
