TMI BlogTDS will attract on Bonus payment to labor contractorX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Our labor contracts are raised bill for payment of bonus for financial year 14-15. In this bill should we deduct TDS or not. If yes on which ground please clarify. Regards Swapneswar Mu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duli - Reply By Ganeshan Kalyani - The Reply = Tds is deductible under 94C @1% if contractor is individual/Huf and 2% in case other than individual/Huf. - Reply By vikram agarwal - The Reply = u/s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 194C of Income Tax Act 1961 said that any person responsible for paying any sum to any resident for carring out any work in pursuance of a contract, at the time of credit such sum to the account of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th contract or at the time of payment by cash /cheque / any other mode, whichever is eariler, deduct an amount equal to - 1% in case of payment to Individual or HUF and 2% other than an individual or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HUF as explained above there is clear say if your credit such any amount we have to deducted TDS except reimbursement of expenses subject to proof of document like train and air ticket. - TDS wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll attract on Bonus payment to labor contractor - Query Started By: - Swapneswar muduli Dated:- 25-10-2015 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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