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TDS deduction

28 January 2008

Dear All,

An trade fair organiser has issued bill to a company as
"Pariticpation fee" plus service tax. towards company stall in the
trade fair. Pls clarify do the company has to deduct tax on the bill

Regards

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4 Replies

Kapil Bajaj (Service) (112 Points)
Replied 29 January 2008

Yes, the company is liable to deduct tax at sourece as per the provision os Section 194 I of the income tax act. Read this to clerify yourself.... (Rent means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of (either separately or together) any, (a) land; or (b) building (including factory building); or (c) land appurtenant to a building (including factory building); or (d) machinery; or (e) plant; or (f) equipment; or (g) furniture; or (h) fittings, whether or not any or all of the above are owned by the payee;)

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Vivek Bhatnagar (Service) (43 Points)
Replied 29 January 2008

Yes, U/S Section 194 I of the I.T.Act the company is liable to deduct tax at source.

(Guest)

What is deduction procedure in RA Bill ( Running bill ) .i.e , if he is contractor supply labour and material Pluss transporation for carrying labour and materials . Service tax applicable in RA Bill . I

(Guest)

Dear Sir/Maam,

I AM IN BIG PROBLEM, PLS. HELP ME how to calculated TDS on transportation we have hire transport . from last two months we have not deducted TDS now i have to deduct it how can in, our transporter not agree to deduct two months TDS. what i do..

regards,

yameen