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
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194c
Replies (2)
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
In the Case of purchases section 194C is not applicable & the other party is not liable to deduct TDS
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