tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2011 While making payment to the contractor with whom we have entered an agreement to pay diesel charges also wheteher tds is deductible on payment of diesel cost claimed by the party.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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27 January 2011 What is the exact nature of contract ?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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27 January 2011 If the reimbursement is supported by actual bills (fuel bills) covering with the contractor's separate bill for this reimbursement, the TDS won't apply on this part.

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Guest

Guest (Expert)

27 January 2011 It appears that cost of diesel is also part of contract amount and then in that case, TDS will be required.