Tds on construction and advertisement
This query is : Resolved
13 July 2012
One of our client has paid an amount of Rs 8.00Lac as Payment to Contractor for Building construction since April-2012 till date. (6.00 Lacs out of this is via cheque and 2.00 Lacs as cash.) In the same way Rs 327000 has been paid to advertisement company for Newspapers, Hoardings and wall paintings.Please advice on the issue of TDS on above. How much to be deducted and when it gets payable ?
Regards !!!!
Regards !!!!
13 July 2012
YES TDS WILL BE APPLICABLE IN YOUR BOTH CASES.
TDS WILL BE DEDUCTED U/S 194C.
RATE 2% IN CASE OF CO/FIRM
OTHER CASE 1%
TDS WILL BE DEDUCTED U/S 194C.
RATE 2% IN CASE OF CO/FIRM
OTHER CASE 1%
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
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
