Tds u/s194c
One Hosing Society has been registered under West Bengal Apartment Owners Act,1972.The Association has applied for TAN and the same has been allotted to the Association.The Association's annual receipt is approximately Rs1900000.00.The Major payments incude Rs350000.00 and Rs346000.00 for Elevator AMC and SecurityAMC respectively. The fourth letter of the PAN is A,i.e., the society is considered as association of persons. When I search for type of deductor in 194C, I get confused with two types of deductor as follows:
g) Any society registered under the Socieries registration Act,1860 or under any law corresponding to that Act in force in any part of india.
k) any individual or a Hindu undivided family or an association of persons or body of individuals,whether incorporated or not,other than those falling under any of the preceeding clauses,whose total sales,gross receipts or turnover from the business or profession carried on by him exceed the monetary limits specified under clause (a) or (b) of sec 44AB during the financial year immediately preceeding the the financial year in which such sum is credited or paid to the account
of the Contractor.
My queries are as follows:
i) Whether the society was at all required to apply for TAN ?
ii) Whether the Association is to be considered as Association of persons or registered Society?
iii)Whether TDS needs to be deducted on above payments ?
iv)Can the Society apply for cancellaton of TAN?