TDS for Telephone charges
This query is : Resolved
04 October 2007
Whether TDS is applicable under any provisions for the Telephone charges paid monthly to private operators ?
04 October 2007
IT IS A CONTRACT UNDER 194 C
( "A CONTRACTOR IS ONE WHO MAKES AN AGREEMENT WITH ANOTHER TO DO A PIECE OF WORK......" )
TDS APPLICABLE @ 2.06%( OTHER THAN AN ADV. CONTRACT) FOR BELOW RS. TEN LAKHS( OF AGGREGATE OF PAYMENT SUBJECT TO TDS P.A) WHERE RECEIPEINT IS IND.,HUF/BOI/AOP. OTHERWISE 2.266%.
half of the ABOVE rates for TDS FOR sub contractors
PL. REFER SEC. 194 C FOR DETAILED RATES OF TDS.
SINCE THERE IS REGULARITY OF SERVICE AND PAYMENT AT PERIODICAL INTERVALS,EVEN IN THE ABSENCE OF A WRITTEN AGREEMENT ,THE CHARACTER OF A CONTRACT IS EVIDENT.
IF A SINGLE PAYMENT NOT EXCEEDING
RS. 20000 OR AGGREGATE PAYMENTS DURING THE FINANCIAL YEAR NOT EXCEEDING RS. 50000 MADE THEN NO TDS APPLICABLE.
R.V.RAO
( "A CONTRACTOR IS ONE WHO MAKES AN AGREEMENT WITH ANOTHER TO DO A PIECE OF WORK......" )
TDS APPLICABLE @ 2.06%( OTHER THAN AN ADV. CONTRACT) FOR BELOW RS. TEN LAKHS( OF AGGREGATE OF PAYMENT SUBJECT TO TDS P.A) WHERE RECEIPEINT IS IND.,HUF/BOI/AOP. OTHERWISE 2.266%.
half of the ABOVE rates for TDS FOR sub contractors
PL. REFER SEC. 194 C FOR DETAILED RATES OF TDS.
SINCE THERE IS REGULARITY OF SERVICE AND PAYMENT AT PERIODICAL INTERVALS,EVEN IN THE ABSENCE OF A WRITTEN AGREEMENT ,THE CHARACTER OF A CONTRACT IS EVIDENT.
IF A SINGLE PAYMENT NOT EXCEEDING
RS. 20000 OR AGGREGATE PAYMENTS DURING THE FINANCIAL YEAR NOT EXCEEDING RS. 50000 MADE THEN NO TDS APPLICABLE.
R.V.RAO
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