20 January 2015
water charges paid to water supplier.water is supplied through 14 tons tanker. at rate is fixed @950 per tanker. Monthly bill amounts to Rs. 100000. whether tds is to be deducted? if yes under which section?
20 January 2015
here we need to refer the contract. since this is a contract of water supply, it should be covered under section 194 C and TDS is to be deducted accordingly. Pls see that in case of goods supply contract no TDS is to be deducted.
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