TAX DEDUCTED AT SOURCE ON CONTRACT AMOUNT

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....AX DEDUCTED AT SOURCE ON CONTRACT AMOUNT<br> Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 31-1-2011 Last Reply Date:- 21-7-2015 Income Tax<br>Got 3 Replies<br>Income Tax<br>We renewed our....

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.... 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 consider contract....

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.... 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 Reply By Seetharaman K C: T....

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....he 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 WHEN THE PRESON RESPONSIABLE TO PAY ....

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....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 INDIVIDUAL OR HUF AND 2% WHERE PAYMENT IS ....

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....MADE TO ANY OTHER PERSON<br> Discussion Forum - Knowledge Sharing ....