Please Help: TDS
Posted Date : 18-Jun-2011 , 05:17:33 am | Posted By CA Rajnish
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.
Category : Income Tax | Answers : 5 | Comments : 1 | Hits : 432
Answers
Answer By: CA. Sachin Data
I think that TDS should be deducted...
Answer By: CA VIKAS JAIN
definitely TDS should be deducted. BUT I have a doubt about the Rate of TDS !!
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.
Answer By: Vikash Kumar Jha
Yes as per section 194 C
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.
Comments
arbind kumar jha
20-Jun-2011 , 07:23:11 amNot required to deduct TDS as payment is being made to Govt