23 November 2012
IF A COMPANY (SAY X LTD)MAKES PAYMENT TO ANOTHER COMPANY,,IN,,FTP(FASHION TECHNOLOGY PARK.. A PROJECT..)AND PRICE PAID TO FTP INCLUDE LAND COST AND CONSTRUCTION COST..NO SEPARATE DISCLOSURE HAS BEEN MADE IN CONTRACT...THE MAIN CO( XLTD)...SELLS THE OFFICE SPACES CONSTRUCTED BY FTP..IS IT A WORK CONTRACT???? IF YES THAN WHILE MAKING PAYMENT TDS SHOULD BE DEDUCTED???? PLZ TELL M ABOUT APPLICABILITY OF SERVICE TAX (REVERSE CHARGE) IF ANY????? THANKS...
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