A Company sends chassis for body building. After fabrication the company sells the same as a bus or truck to a customer. Whether TDS is applicable for payment to the bus body builder?
2 Replies
CA Saiyum khan
(Practicing CA)
(690 Points)
Replied 06 June 2012
Yes section 194 C would be attracted and accordingly TDS has to be deducted.
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 06 June 2012
The work of body building is of a cintractual nature, hence, attracting the provisions of Sec 194C.
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