Discussions Forum | ||||
Home Forum Income Tax This
A Public Forum.
Submit new Issue / Query
My Issues
My Replies
|
||||
applicability of tds, Income Tax |
||||
|
||||
applicability of tds |
||||
sir we have purchased two lakh sms for issuing in bulk from a company through quotation at a cost of Rs.31,500.00. i would like to know whethere it attracts TDS under 194 C of income tax. with regards, chakravarthy s n Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Dear Sir , In accordance with the provisons of section 194C , any person responsible for paying any sum to any residentcontracotr for carrying out any work (includinf supply of labour for carrying out any work ) under a contract in pursuance of a contrat between contractor and pesons specified in explanation to section 194C , shall deduct income tax at the time of such payment thereof . Hence for the application of section 194C there should be a contract for carrying out any work . The provisions of section 194C are not applicabel on the purhcases . In tis case the quariest has made the purchases of Buld SMS . It is not a contract for carrying out any work . Hence no TDS is required to be deducted u/s 194C.
Dear Sir, As per the provision of section 194C any person responsible for paying any sum to any resident contractor for carrying out any work (including spply of labour) under a contract in pursuance to a contract between contractor and the person specified under explanation to section 194C , shall dedcut tax at source at the time of such payment thereof -----. Hence there must be a contract between the parties for the carrying out any work inculding supply of labour . In the case of the quariest has purchased the goods . Hence provisions of section 194C are not applicable Page: 1 Old Query - New Comments are closed. |
||||