TDS

This query is : Resolved 

17 December 2009 Lets say Mr.A has two proprietary concerns ABC & XYZ. Mr.X is under audit u/s 44AB.If any amount (say Transport Charges) is payable by M/s ABC to M/s XYZ of RS.4500000,then is TDS deductible on such amount as the payer n payee are the same persons.Mr.X is claimimg such transport charges in the P&L of M/s ABC.

18 December 2009 In case of Section 194C, it is essential that payment should be in pursuance of a contract between a person and a contractor.

In this case, no such contract is possible because a person cant make contract with itself so provision of section 194C is not applicable.

18 December 2009 Are you sure?




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries