Tds query
This query is : Resolved
30 April 2018
One of my client is a Petroleum Dealer ( HSD and Petrol) , LFR (Licence Fees Recovery) is credited to his account by BPCL, HPCL , How to deduct TDS on such amount of LFR and what is the nature of the payment.
194 I Rent
194 C Contract
194 J Technicle Services
194 I Rent
194 C Contract
194 J Technicle Services
30 April 2018
One school of thought says no TDS since it is part of purchase price.
My understanding says, 194C attracts since the underlying reason of LFR arises
from the contract between petroleum company and dealer.
My understanding says, 194C attracts since the underlying reason of LFR arises
from the contract between petroleum company and dealer.
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
- RCM is applicable or not (labour Charges , loading and uloading charges)
- TDS u/s 194Q in case of Section 8 company registered u/s 12A and 80G
- 26B Form submission
- GST ISD registration
- TDS on advance amount paid to builder
- Causal labour
- 26QB last installment Query
- TDS on amenities like electriity / transformer
- Receipts in bank account by way of transfer from various persons via UPI
- Appeal before the ITAT
- GST Practitioner DETAILS
- REGARDING TCS...
- REGARDING NEW GST REGISTRATION .
- As per schedule III of company act
- If registered as GSTP should apply for new gst for trading
- Title: Voluntary GST registration on father's address – impact on existing/future government subsidi
- Registration and LUT
- GST on written off amount credited to profit & loss account
- MSME Reporting in 3CB-CD
- GST REGIST FOR EXPORT OF SERVICE (ACCOUNTING)TO FOREIGN CLIENTS IF TURNOVER LESS THAN 20 LAC
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
