TAX DEDUCTED AT SOURCE ON CONTRACT AMOUNT

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... We renewed our office premises and same contract has been given to interior with materials. while making payment we have following descripancy. While deducting Tax Deucted at Source - we have to c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... onsider contract amount with Taxes like Value Added Tax or only Contract amount (Excluding Taxes) - Reply By GOPALJI AGRAWAL - The Reply = It would be on gross amount . See circular no. 715 - R .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eply By Seetharaman K C - The Reply = TDS is deductible on the gross amount only - Reply By BANWARI LAL - The Reply = DEAR ACCORDING TO SEC 194C(1) TDS SHOULD BE DEDUCTED ON GROSS AMOUNT ONLY WHE .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... N THE PRESON RESPONSIABLE TO PAY IS OTHER THAN INDIVIDUAL OR HUF ,AND THE SINGLE PAYMENT EXCEED RS 30000 OR AGGREGATE AMOUNT IN A YEAR EXCEED 75000 AT THE RATE OF 1% WHERE PAYMENT IS MADE TO INDIVIDU .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... AL OR HUF AND 2% WHERE PAYMENT IS MADE TO ANY OTHER PERSON - TAX DEDUCTED AT SOURCE ON CONTRACT AMOUNT - Query Started By: - SURYAKANT MITHBAVKAR Dated:- 31-1-2011 Income Tax - Got 3 Replies - Inco .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... me Tax - Discussion 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

→ Full Text of the Document

X X   X X   Extracts   X X   X X