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TMI BlogSection 194C - TDS on payment to contractorsX X X X Extracts X X X X X X X X Extracts X X X X ..... ases, if PAN is not quoted by the deductee. Consideration / sum exceeding a particular sum is subject to TDS Petty cases Single payment Does not exceeds ₹ 30,000/- Where the payment made in aggregate ₹ 1,00,000/- Important meaning (a) Meaning of specified person shall mean (a) the Central Government or any State Government; or (b) any local authority; or (c) any corporation established by or under a Central, State or Provincial Act; or (d) any company; or (e) any co-operative society; or (f) any authority, constituted in India by or under any law, engaged either for the purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns and village ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A(2)(b) ; Where any sum is paid or credited for carrying out any work, tax shall be deducted at source- (i) on the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or (ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice. but does not include (A) manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer or associate of such customer; or (B) any sum referred to in section 194J(1). (c) Meaning of Contract contract shall include sub-contract; Provision of payment and tax deducted at source to transporters No deduction shall be made fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unting to Rs for transportation of goods by goods carriages having Registration Number may be paid or credited to my account without deduction of tax under section 194C of the Income-tax Act, 1961. I/We, .. in the capacity of hereby declare that I/We do not own more than ten goods carriage and also did not own more than ten goods carriage at any time duringthe period from 1st April .. to ..My Permanent Account Number (PAN) is .I hereby enclose a self-attested photocopy of my PAN Card. . .. Signature of the person making declaration Place: 43.8 It may be mentioned here that the person responsible for paying to transporter is required to report the particulars of payment made to transporters without deduction of tax in compliance to the provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he purchaser to the Owner/Seller of the gas. The use of different modes of transportation of gas by Owner/Seller will not alter the position. However, transportation charges paid to a third party transporter of gas, either by the Owner/Seller of the gas or purchaser of the gas or any other person, shall continue to be governed by the appropriate provisions of the Act and TDS shall be deductible on such payment to the third party at the applicable rates. Tax Deduction at Source (TDS) on payments by broadcasters or television channels to production houses for production of content or programme for telecasting. [ Circular no. 04/2016 dated 29.02.2016 ] (i) In case, a payment for production of content/ programme as per the specifications of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to 'service tax ' in an existing agreement or contract which was entered prior to 01.07.2017 shall be treated as 'GST on services' with respect to the period from 01.07.2017 onward till the expiry of such agreement or contract. Applicability of TDS provisions on payments by the transporter to truck operator or owners for hiring the vehicles. [ Shree Choudhary Transport Co. Vs ITO 2020 (8) TMI 23 - SC ] Deduction from payments to contractors and sub-contractors in bidi manufacturing industry. [ Circular no. 487 dated 08.06.1987 ] Provisions of section 194C would apply in respect of payments made to Munshis and that would apply to payments under oral contracts also. The payments to Munshis which would be hit by the provisions ..... X X X X Extracts X X X X X X X X Extracts X X X X
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