X Ltd. Mfg. Fabric From Yarn Purchased From Y Ltd. & Along With Yarn Purchased From Other Party.
X Ltd. Sale Fabric TO Y Ltd.
Whether Y Ltd. Is Liable TO Deduct TDS
Please Give Answer After Reading Amenment Which Substitute Entire Existing 194c
2 Replies
Pankaj Arora
(Learner)
(3134 Points)
Replied 28 January 2011
Tds is not applicable on purchase of goods but yes if there is contract between X and Y than you can deduct tds u/s194C
shashank
(CA final student)
(259 Points)
Replied 28 January 2011
In the Case of purchases section 194C is not applicable & the other party is not liable to deduct TDS
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
