TDS on Business Auxiliary services

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010 Please inform for Business Auxiliary services whether TDS should be deducted u/s 194C or 194J

Thanking You

CA Navin Jain

CA Navin Jain (Expert)
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22 October 2010 194J

taxindiaconnect

taxindiaconnect (Expert)
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22 October 2010 Vide amended definition of work the manufacturing and supplying products according to the requirement or specification of a customer by using material purchased from such customer is covered under 194C. 194 C should apply in such case. In case the raw material is purchased from any person other then the customer, it is a contract for sale, no TDS applies.

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