hitesh (Student) (183 Points)
26 October 2016
Yasam Naga Gopi
(Practicing Chartered Accoutant)
(61 Points)
Replied 26 October 2016
Manufacturing or supplying of a product according to the requirement or specification of a customer by using the materials purchased from such customer, But does not include manufacturing or supplying of a product according to the requirements or specifications of a customer by using the materials purchased from a person, other than such a customer.
So TDS is not required to be deducted on printing and stationery because it did not come under the definition of works contract. It is only a sale
hitesh
(Student)
(183 Points)
Replied 26 October 2016
Ruchi
(CA)
(1410 Points)
Replied 27 October 2016
In the given case , tds is not deductible. It is mere purchase of stationery and hence 194c is not attracted.
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 27 October 2016
It is mere purchase hence not Tax deductible at source
CAclubindia
