TDS of s.194c
Harshit Acharya (404 Points)
06 July 2020
What will be the TDS implications if only material is supplied and no labour or service is done (under s .194c)
2 Replies
anuj agarwal
(29 Points)
Replied 06 July 2020
No, TDS will not be deducted in this case as 194c specifically impose deduction in case of services being provided.
sabyasachi mukherjee
(27574 Points)
Replied 06 July 2020
TAX DEDUCTED AT SOURCE WAS INTRODUCED TO PLUG LOOPHOLES IN THE TAX SYSTEM.
AS A RESULT OF THE FACT ,ANY SERVICE WHICH IS RENDERED AND IS FOUND TO BE A SOURCE OF INCOME OTHER THAN SALARY .
Tax ADMINISTRATION SHOULD REDUCE EXPLICIT COST OF COLLECTION AS WELL AS INDIRECT COST BORNE BY TAXPAYERS AND BY THE ECONOMY.
MATERIAL WAS EARLIER CONNECTED WITH VAT AND NOW GST WITH A BROADER PERSPECTIVE.
AS A RESULT OF THE FACT ,ANY SERVICE WHICH IS RENDERED AND IS FOUND TO BE A SOURCE OF INCOME OTHER THAN SALARY .
Tax ADMINISTRATION SHOULD REDUCE EXPLICIT COST OF COLLECTION AS WELL AS INDIRECT COST BORNE BY TAXPAYERS AND BY THE ECONOMY.
MATERIAL WAS EARLIER CONNECTED WITH VAT AND NOW GST WITH A BROADER PERSPECTIVE.
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