TDS is Applicable or Not - Urgent!!!!!!!!!
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2010
Dear Experts,
we have made a contract with party for supply of TEA & Coffee material with coffee machine for which we have to pay rental as per term & condition of contract.
party has raised the bill for same and raising only one bill for both (material supplied + Rental of Machine) in bill Party is not claiming service tax on rent of machine or Vat on material supplied on his bills.
is it such kind of billing is deductible tax under contract section 194 C or not liable of tax deduction ?
we have made a contract with party for supply of TEA & Coffee material with coffee machine for which we have to pay rental as per term & condition of contract.
party has raised the bill for same and raising only one bill for both (material supplied + Rental of Machine) in bill Party is not claiming service tax on rent of machine or Vat on material supplied on his bills.
is it such kind of billing is deductible tax under contract section 194 C or not liable of tax deduction ?
11 May 2010
If rent charges are shown seprately on bill , then tds on only for rent, otherwise TDS will be deducted on total u/s 194C.
11 May 2010
if supplier is within the limit of 10 lakhs , then he definately will not charge service tax on invoices. For you it is immaterial , you have to deduct TDS if it is applicable. If u r customer charging rental charges then tds is applicable under 194I not 194C
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2010
Thank You Sir.
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- 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
