Tds on rawmateril purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2013
Sir
May i know the TDS requirement on Raw material purchase & Direct expenses payment .
May i know the TDS requirement on Raw material purchase & Direct expenses payment .
06 August 2013
1. TDS is NOT required to be deducted on raw material purchases.
2. As far as direct expenses are concerned you have to see the nature of the payment and then determine the TDS applicability.
For eg, wages to workers will attract TDS u/s 192.
Payment to contractor for supplying manpower will attract TDS u/s 194C.
2. As far as direct expenses are concerned you have to see the nature of the payment and then determine the TDS applicability.
For eg, wages to workers will attract TDS u/s 192.
Payment to contractor for supplying manpower will attract TDS u/s 194C.
Message likes :
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06 August 2013
Agree with expert.
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2013
Thank you sir
06 August 2013
You are welcome. You should use the thanks button to convey your thanks.
06 August 2013
Your welcome
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