18 April 2014
suppose we are purchase goods from X party and also purchase that goods bought out parts from other supplier i am assemble that products and again sale to X Party now X party can deduct the TDS under Section 194C from my bill amount it is any notification and rule how it is possible ?
18 April 2014
THE X PARTY CONSIDER YOU AS CONTRACTOR . U/S 194C , there is implied contract between you and Mr X , as you are doing some job work nature of work.
18 April 2014
i am purchase goods from X party with Excise & Vat i am assemble that goods(i.e. welding) from other bought out parts and sale to X party with vat & Excise when we assemble that goods as per X party requirement & specification
CAclubindia
