TaxTMI 
TaxTMI 
Tds deductibility at various sections
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....ds deductibility at various sections<br> Query (Issue) Started By: - poorna chandar Dated:- 5-5-2009 Last Reply Date:- 6-5-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>My company is Film producing....
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.... company we are doing shooting at various places like Resorts and Film city, but while final payment to those persons they are asking us to pay TDS they are negotiating at Nett of TDS. my doubt is wha....
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....tever the payment am giving on the consolidated bill which is inclusive of all services like boarding ,lodging,renting of machienary,professional services which will attract for TDs under various sect....
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....ions at various rates whether shall i need to deduct at respective sections or shall i treat as a contractor to deduct under 194 C. if i need to deduct under 194C What are the requirements i have to d....
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....o. Reply By Mukesh Kumar: The Reply: You need to deduct TDS on the gross amount paid. TDS can not be deducted on nett amount. All the contractors and service providers must be told that the benefit o....
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....f TDS is to be availed by them and therefore, they should not insist on nett amount. Yes, I agree that this type of arrangement are routine in international transactions but, must be avoided in home t....
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....ransactions.<br> Discussion Forum - Knowledge Sharing ....