Answer / moti

If payment is made through cheque then it is neccessary,
but also if payment is made through cash and vendor made
taxable invoice with service tax then both circumstances
it is applicable. But if payment is made by cash without
taxable invoice then no need to pay tds.

Answer / sumancwa

Provisions of 194C are applicable to all types of Contracts for carrying out any work, Such as Transport contracats, service contracts, labour contracts, material contracts as well as works contracts etc..
Where the payment made under the contract is likely to exceed Rs.20,000/- for entire period of Financial Year, Tax should be deducted at source. Where initial contract price is Less then Rs.20,000/-, But later on the payment exceeds that amount, deduction should be made in respect of earlier payments as well.
In this case, You are doing Vehicle Hiring Business, means Transport Contract. Eventhough you dint sing on any agreement.You must follow TDS Rules.

i forgot to deduct tds in Contractor non corporate in july 15 so what should i do now? Please Suggest.

3 Answers   Mahindra Holidays and Resorts India MHRIL,

---

CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

0 Answers   Ernst Young,

---

Certificates for other than salary TDS form.

2 Answers   TCS,

---

under form 38,(1 no) what is the maximum no. of invoices can be done??? under rule-54(3)(a) of UPVAT RULES 2008

3 Answers   ABB,

---

Procedure for of c-form lost

2 Answers   Philips, Silver Line Floors,

---

---

sir, which percentage to be deducted for film actors remuneration ?

1 Answers  

---

Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.

0 Answers   ABC,

---

can anyone answer,how to calculate TDS for the whole year of a person whose salary is Rs 9000 p.m. so his D.A. has risen up quaterly wise for eg, April - June 63%, july to sept 73% which is upto fourth quater

1 Answers  

---

what is the rate of TCS tax?

5 Answers   TCS,

---

How many types of vat categoryplease tell me all type of vat categories..............

0 Answers  

---

housing loan principal upto 1 lac is exempted from tax is it diffrent from exemption u/s 80c

1 Answers  

---

how will you make vat returns?

1 Answers  

---