9911796707
| Discussions Forum | ||
Home  Forum Income Tax This
A Public Forum.
Submit new Issue / Query
My Issues
My Replies
|
||
tds on contract 194c, Income Tax |
||
|
||
tds on contract 194c |
||
if i have construction the capital asseates(building)those work i have give to contractor.tn those case tds is applicable or not.& pls sent case law relared .
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
TDS is applicable on the contract. It is not important that the contract is for Capital or Revenue item. If construction has been carried, then TDS will be applicable. However TDS will not be for the amount of cement, bricks provided it is separately mentioned in the bill. Further it is recommended that separate bill should be raised for the cements and bricks if these are provided by the contract. Refer the Case of Associated Cement Co. Ltd. v. CIT [1993] 201 ITR 435 In case of non deduction of TDS, if the tds is on revenue expenditure, then the expenditure would be disallowed pursuant to Section 40(a)(ia). Page: 1 Old Query - New Comments are closed. |
||
