24 April 2010
A person is dealing in the work of supplying water thourgh water tankers. one of my client made payment to such water supplier and the amount of payment exceeds the thrashold limit of sec 194c. i want to know would such payment fall under the criteria of sec 194c or not? and would such expense is liable for tds?
25 April 2010
Dear this aspect should be look in 2 different aspect, if u can segregate the amount paid for water and amount paid for just hiring thee tanker, than u should deduct the TDS on amount paid for tanker hiring charges, either TDS should not be deducted on whole amount in my opinion.
CAclubindia
