Tds u/s.194c
This query is : Resolved
17 September 2012
Dear All,
Kindly advise whether the TDS is deductible U/s.194C towards the payment made during the FY 2011-12 by an individual to individual, if the turnover during the FY 2010-11 was above Rs.60 lacs
Thanks & Regards,
BALARAM.P
Kindly advise whether the TDS is deductible U/s.194C towards the payment made during the FY 2011-12 by an individual to individual, if the turnover during the FY 2010-11 was above Rs.60 lacs
Thanks & Regards,
BALARAM.P
17 September 2012
Your question is not clear to me
Tds on wat ? Payment made by Individual to Individual for which reason
Im not clear
Tds on wat ? Payment made by Individual to Individual for which reason
Im not clear
17 September 2012
Dear Vinita,
Thanks for your response. It is towards the payment made U/s.194C i.e.,Triner Fees paid during the year 2011-12.
Thanks for your response. It is towards the payment made U/s.194C i.e.,Triner Fees paid during the year 2011-12.
17 September 2012
Yes TDS is required to be deducted in the given case.
Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax.
However in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if Tax Audit is applicable in previous year, TDS is required to be deducted.
Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax.
However in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if Tax Audit is applicable in previous year, TDS is required to be deducted.
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17 September 2012
Thank you Sanjay Sir for the Reply.
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