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tds on pre fabricated material

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(Querist)
17 April 2009
if a compay pay Rs.2Crores towards supplly of Pre-fabricated Steel material supply. HAVE written contract to supply.

Whether to deduct TDS?
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
17 April 2009 It is a purchase transaction and not a contract for carrying out any work.

Having a written contract is of no relevance.

TDS not required to be deducted.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
21 April 2009 i support
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