TDS

This query is : Resolved 

19 June 2009 Dear sir

I am businessman deling in Paddy & Rice

I am buying Paddy from agriculturist & convert the paddy in to rice & Sells the rice.
I am not having Rice Mill for convertion of Paddy in to Rice. I am giving hulling charges to rice mill owbers for convertion of paddy in to rice.Whether convertion charges(hulling Charges) paid to rice mill owners attracts TDS liability

19 June 2009 TDS applicable u/s 194C.

20 June 2009 An Individual is required to deduct Tax from the next financial year when Turnover of the current financial year exceeds Rs 40.00 lacs. Please check your Sales Turnover.




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