TMI BlogShifting of liability of taxX X X X Extracts X X X X X X X X Extracts X X X X ..... The main contractor has claimed the tds and reported the turnover and paid the tax on the works given to a registered sub contractor. The Sub contractor has claime d exemption showing that the main co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntractor has paid the tax. Can the tax liablitiy can be shifted to main contractor from sub contractor - Reply By CA Dev Kumar kothari - The Reply = Main contractor may be is liable to make TDS from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... payments to sub-contractor if the conditions of S. 194C apply. Income of contractor and sub-contractor are assessable separately. The liability of income tax cannot be shifted to contractor. Sub co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntractor is liable to pay tax on his income. however, sub-contractor may apply to his A.O. for TDS at nil or lower rate. - Reply By T.SUNDARAM - The Reply = In continuation of my query , it is to be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... added that the issue is under SALES TAX LAWS and not Income Tax Act - Shifting of liability of tax - Query Started By: - T.SUNDARAM Dated:- 10-8-2008 Income Tax - Got 2 Replies - Income Tax - Discus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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