TDS U/S 194C
reddy prasad (1 Points)
12 January 2018
I want to know whether purchase of goods in every month on contract basis is liable to TDS or not u/s 194C?
9 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 12 January 2018
no... TDS not applicable in this purchase contract...
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 13 January 2018
why TDS not applicable? pls explain sir's....
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 13 January 2018
Bcoz, Purchase of Goods...
CA Shreya Jagani
(Chartered Accountant)
(242 Points)
Replied 13 January 2018
If it is purely purchase of goods. Tds is not applicable
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 13 January 2018
whether purchase of goods for trading is exempted from deduction of tax at source?
Vivan pratap singh
(105 Points)
Replied 13 January 2018
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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