22 April 2009
If a company has told a firm to make certain things for him eg furniture Will tds on contract be applicable
In second case a company has told a firm to brind certain things for him which the firm doesnt have in the stock so firm bought that thing from another firm and sold to the company Will tds on contract be applicable
22 April 2009
Question contradicting. In the cases given you are asking for applicability of TDS, and in last you are assuming that TDS is applicable. Then what is the exact question?? In my opinion, in first case the TDS should be applicable for service charges. But in second case, it seems more like a sale purchase transaction. So no TDS applicable. Please be more clear.
CAclubindia
