Tds on mobilisation advance

This query is : Resolved

rajashekhar m laxetti (Querist)
Follow

27 January 2012 Plese infomr me regarding Notification or Circular NO. along with year Regarding Tax Deduction on Mobilisation advance given to Contractors.

Thanking you

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

27 January 2012 No circular. please read the section.194

(1) Any person responsible for paying any sum to any resident (hereafter in this section referred to as the contractor) for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and a specified person shall, at the time of credit of such sum to the account of the contractor or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier

so bill accounting or payment which ever is earlier need to deduct TDS

Message likes : 1 times

rajashekhar m laxetti

rajashekhar m laxetti (Querist)
Follow

31 January 2012 Thank you sir

Upgrade to CAclubindia Pro. Subscribe Now!