Only main contractors are eligible for exemption
Money Mantan January 25, 2012
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Only main contractors are eligible for exemption

Description: Taxability of services provided by sub-contractors to the works contractors in respect of construction of Dams, Tunnels, Road, Bridges, etc.- Circular No. 138/07/2011-ST, dt. May 2011. The CBEC vide the abovesaid Circular has clarified that the services received by the work contract service provider service provider from its subcontractors are distinctly classifiable under the […]

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U/S.194C, Partners, Sub-Contractors
Money Mantan October 31, 2011
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U/S.194C, Partners, Sub-Contractors

Description: Whether contracts of firm executed by partners to be taken as sub-contracts for attracting application of section 194C? The provisions of section 194C will not apply for the payments received and passed on to the partners. Hence, provisions of section 40(a)(ia) will not apply. The commission earned by the firm forms part of its […]

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