31 March 2009
Hi, i have some practical issue on tds on contact. one of my client having a Computer hardwer services businesses . he had taken a AMC or computer maintainance of his client worth Rs 25000 quaterly . during Amc Period he sale som computer parts to the his client also. my client, client deducting a TDs on that as per sec -194C. is it right ? Give reason please Thanks And Regards Anil Meena
31 March 2009
If it is a clause of contract then only it is right, i.e. if You are billing sepratley for these part No TDS on these items u/s 194C. Reason Being No TDS on Material Supply