Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2013 Dear All,

My issued is regarding TDS Deduction Under Section 194 C

We are partner ship firm purchase paint from another company who is PVT LTD after purchasing paint from him we fill in our Paint Can Supply to them

It means He is our customer as well as our supplier also but he deduct 2 % TDS in our payment agst Can Supply to them is it correct

Let me confirm

Regards
Karun Khurana

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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17 August 2013 You must be having some sort of contract which means all cans are supplied to you on regular basis and at fixed rate. This forms contract supply and it is correctly deducting 2% TDS from all your supplied.