Please Help: TDS
Posted Date : 18-Jun-2011 , 05:17:33 am | Posted By: CA Rajnish
Category :
Income Tax | Answers :
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Comments :
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One of the client is contractor with Railways who run the Railway Cycle Stand in railway campus.He has to pay a fixed contract amount to railways and the balance if any is his income.Point is that he not deducted TDS on payment to railways.What to do now.Is TDS required for railways. |
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Answers:
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 Answer by: CA. Sachin Data |
| I think that TDS should be deducted...
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| Answer by: CA VIKAS JAIN |
| definitely TDS should be deducted. BUT I have a doubt about the Rate of TDS !!
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| Answer by: CA VIKAS JAIN |
| IN my opinion it may be covered under sec 194I rather then 194C. This is an agreement between railway and the said contractor who taken a part of area in railway campus to provide cycle stand facility to general public and not for the railway authority.
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| Answer by: Vikash Kumar Jha |
| Yes as per section 194 C
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| Answer by: Vikash Kumar Jha |
| Payment made to government department that why it should not be deducted but it is the of 194 C section in case of applicability of TDS section.
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| Comments |
| Posted By : Arbind Kumar Jha |
20-Jun-2011, 07:23:11 |
| Not required to deduct TDS as payment is being made to Govt |
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