Tds clarification from my experts
This query is : Resolved
21 February 2019
Dear Sirs,
We have paid to PUBLIC INSTITUTION For research.They buy animals and do research on such animals of TB(Tuberculosis).
In my opinion it should be regarded as "JOB WORK".and we need to deduct TDS u/s 194J
1.Please clarify me whether i am getting wrong and Give ur VALUABLE FEEDBACK "with REASONS" .
2.IT is a service?Right Folks
Thanks and Regards
Nikhil Bhudolia
9163791962
We have paid to PUBLIC INSTITUTION For research.They buy animals and do research on such animals of TB(Tuberculosis).
In my opinion it should be regarded as "JOB WORK".and we need to deduct TDS u/s 194J
1.Please clarify me whether i am getting wrong and Give ur VALUABLE FEEDBACK "with REASONS" .
2.IT is a service?Right Folks
Thanks and Regards
Nikhil Bhudolia
9163791962
21 February 2019
Please elaborate your query as to why are you paying them, that will decide the nature of deduction.
21 February 2019
The company is engaged in TB Medicine research. The co.paid to Public Institute for such Research on behalf of company.
The Research is on animals for TB(Tuberculosis) to know whether the above formula of medicine has been workable or not,for this research the institute buy the animals and infect such animals to get the result and than they give the result to company whatever it may be.
Thanks sirs
The Research is on animals for TB(Tuberculosis) to know whether the above formula of medicine has been workable or not,for this research the institute buy the animals and infect such animals to get the result and than they give the result to company whatever it may be.
Thanks sirs
21 February 2019
Dear Nikhil,
In my view TDS need to be deducted @ 10% under section 194J under Technical services provided by PSU to the co. Scope of 194C is limited to certain specific contracts which is in the nature of advertising, broadcasting, catering, transportation and order manufacturing. I hope it resolve your query.
In my view TDS need to be deducted @ 10% under section 194J under Technical services provided by PSU to the co. Scope of 194C is limited to certain specific contracts which is in the nature of advertising, broadcasting, catering, transportation and order manufacturing. I hope it resolve your query.
Message likes :
1 times
22 February 2019
Thanks vijay sir for investing your time...
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
