Tds query urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2011
WE ARE RUNNING AN HOSPITALITY SERVICES IN MEANS OF RESTAURANTS SO NOW MY DOUBT WAS
WE ARE RUNNING HOTEL IN THE SPACE OF Mr. A WITH AN AGREEMENT THAT "IN NET PROFIT WE LL GIVE 50% OF SHARE". SO WHILE AT THE TIME OF PAYEMENT OF THAT SHARE TO OWNER ( 50% OF SHARE) WE HAVE TO DEDUCT TDS OR NOT. IF YES MEANS HOW MUCH? PLS URGENT
WE ARE RUNNING HOTEL IN THE SPACE OF Mr. A WITH AN AGREEMENT THAT "IN NET PROFIT WE LL GIVE 50% OF SHARE". SO WHILE AT THE TIME OF PAYEMENT OF THAT SHARE TO OWNER ( 50% OF SHARE) WE HAVE TO DEDUCT TDS OR NOT. IF YES MEANS HOW MUCH? PLS URGENT
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2011
URGENT PLS
20 December 2011
In my opinion it is better to deduct TDS as there is a contract to share in profits who is not a partner
For the Financial Year 2011-12-1% If PAN is there, if no PAN-20%
For the Financial Year 2011-12-1% If PAN is there, if no PAN-20%
Message likes :
1 times
20 December 2011
as per my knowledge tds would be deducted @10% under sec 194I, SINCE OWNER HAS OBTAINED THE SHARE TOWARDS SPACE PROVIDE FREE OF COST.
Message likes :
1 times
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
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- 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
Trending Online Classes
CAclubindia
