Tds 194c
Mansi devani (CA) (73 Points)
23 February 2016Mansi devani (CA) (73 Points)
23 February 2016
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 23 February 2016
Any person responsible for paying any sum to any resident (hereafter in this section referred to as the contractor) for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and a specified person shall, at the time of credit of such sum to the account of the contractor or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to—
(i) one per cent where the payment is being made or credit is being given to an individual or a Hindu undivided family;
(ii) two per cent where the payment is being made or credit is being given to a person other than an individual or a Hindu undivided family,
of such sum as income-tax on income comprised therein
Serivce Tax Is not the income of the service provider so as per my view limit of Rs. 30000 is without service tax
Ranganathan
(student)
(104 Points)
Replied 24 February 2016
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)