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TDS U/S 194C
I want to know whether purchase of goods in every month on contract basis is liable to TDS or not u/s 194C?
Replies (9)
No, it is not liable to tax
no... TDS not applicable in this purchase contract...
why TDS not applicable? pls explain sir's....
Bcoz, Purchase of Goods...
If it is purely purchase of goods. Tds is not applicable
whether purchase of goods for trading is exempted from deduction of tax at source?
purchase item consume
No,it's not a service
mere purchasing of goods on contract basis does not fall under the purview of the definition of 'WORK' as covered u/s 194C. so the question to deduct TDS does not arise in such transaction.
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