tds-contractor

This query is : Resolved

rakesh sharma (Querist)
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27 September 2008
TRUCKS ARE HIRED FOR TRANSPORTATION OF GOODS FRON TRUCK STAND.FROM TIME TO TIME

THE PAYMENT TO SINGLE PARTY EXCEEDS RS 50000/- IN A YEAR. IS TDS DEDUCTIBLE EVEN IF THERE IS NO CONTRACT.

REGARDS

rakesh sharma

rakesh sharma (Querist)
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27 September 2008 112

rakesh sharma

rakesh sharma (Querist)
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27 September 2008 11

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CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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27 September 2008 Yes ,TDS under section 194C is attracted in this case

vinod

vinod (Expert)
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27 September 2008 yes u have to deduct

K V Subba Rao

K V Subba Rao (Expert)
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27 September 2008 You have to affect TDS whether a formal contract has been entered into or not.

Don't you think that if one could avoid TDS just by not writing or entering into contract, every body would do the same.

If the monetary limits prescribed under Sec 194-C are reached, you have to affect TDS