tds on contract 194c

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ds on contract 194c<br> Query (Issue) Started By: - amit r Dated:- 9-12-2010 Last Reply Date:- 9-12-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>if i have construction the capital asseates(buildin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g)those work i have give to contractor.tn those case tds is applicable or not.& pls sent case law relared . Reply By CA Rachit Agarwal: The Reply: TDS is applicable on the contract. It is not importa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nt 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 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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).<br> Discussion Forum - Knowledge ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Sharing ....