If ur query is related to Section 194C then it means as under: (iv) work shall include (a) advertising; (b) broadcasting and telecasting including production of programmes for such broadcasting or telecasting; (c) carriage of goods or passengers by any mode of transport other than by railways; (d) catering; (e) manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer, but does not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer.]
09 August 2010
In case of aluminium trading co's, they used to putchase material & hire labour charges for colouring the aluminium sheets protecting it from getting blackening.This is known as anodising charges.Is TDS to be deducted on the anodising charges?
09 August 2010
U will be covered under manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer.
TDS deductible u/s 194C - 2% in case of companies & Firms & 1% in case of indiviauls & HUF.
09 August 2010
Even after providing PAN TDS needs to be deducted at the rates mentioned above. If no PAN then TDS deductible @ 20% w. e. f. 01.04.2010.
The limit of Rs.20,000 and Rs.50,000 is also applicable for works contract and w. e. f. 01.07.2010 it is Rs. 30000/- for a single bill and Rs. 75,000/- for the year.
If the same exceeds the above limit then TDS deductible on the entire amount.
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