SUNIL SINGH (ACCOUNTANTS AND INCOMETAX WORKS) (142 Points)
02 January 2010my question
job on cloth printing works (saree printing) contract works payment after TDS deduction or no tax deduction. pls reply
ashish gupta
( student)
(1922 Points)
Replied 02 January 2010
I think TDS should be deducted u/s 194C
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 02 January 2010
Dear Sunil,
The said job falls under the definition of "work" defined by sec 194C (w.e.f.1.10.09).Work includes manufacturing or supplying a product according to the requirement or specification of the customer by using the material purchased from such customer.
Hence you need to deduct TDS u/s 194C and then make the payment.
CA Anand Oberoi
(Chartered Accountant)
(296 Points)
Replied 02 January 2010
TDS u/s 194C should be deducted.
SUNIL SINGH
(ACCOUNTANTS AND INCOMETAX WORKS)
(142 Points)
Replied 02 January 2010
DEAR ALL SIR, I M SATISFY FOR ALL
( PALI KE NEW PAPER RAJASTHAN PATRIKA NE EK TAX CONSULTANT KE STATEMENT PER NEWS PRINT KAR DI THI KI TEXTILE JOBS PER 01.10.2009 SE TDS DEDUCTION KO CLOSED KAR DIYA GAYA HAI , TAB SE HI YAHA PER CLIENT ME CONFUSSION HO GAYA THA , BUT MY C.A. AND TAX CONSULTANTS BOSS IS ALLTIME RIGHT , TDS IS DEDUCTABLE)
@ CA. $ahar$h @
(Student)
(338 Points)
Replied 02 January 2010
Dear suni,
Job on cloth printing is a work contract.
there are two types of cloth printing. one in which the person supply us the material in such case we deduct tds only on the amount of our services.
Inother type (when we apply our material), we raise a saperte bill for material and saperate for our service.in such case the tds is deducted only on the amount of service under section 194C.
However if we raise a composite bill and the bill includes the amount of material and service then tds is deducted on the whole amount u/s194C
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
