IF I HAD MADE PAYMENT IN EXCESS OF THE LIMIT PRESCRIBED TO CONTRACTOR FOR CARRYING OUT LABOUR JOB WORK AT VARIOUS SITES BUT HAD NOT DEDUCTED TDS AS PER SEC.194C. WHEATHER I AM LIABLE FOR THAT OR NOT.
5 Replies
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 19 April 2010
company is lible to deduct TDS on Payment for contract work.
manikandan.J
(Accounts Manager)
(363 Points)
Replied 19 April 2010
hi
you should compulsory deduct the TDS U/s 194C contract for Job work or labour, however your not deduct the TDS that portion of Entire amount Expenses is disallowed, so you should liable to pay the tax
Vikram Kothari
(Sen. Man.&CA Fin.LawTeacher)
(213 Points)
Replied 19 April 2010
Agree with Manikanda, pleaes dedcut the TDS now. Even company has to pay TDS from its pocket.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 19 April 2010
The contractor is same person. Hence TDS deductible
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 21 April 2010
YES,YOU SHOULD DEDUCCT TDS
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