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Query for tds u/s 194c

mehtadhwani95@yahoo.co.in (mehtadhwani95@yahoo.co.in) (31 Points)

07 May 2016

Assessee being a trust entered into a contract for purchase of carved marble while constructing a temple. is carving of marble known as manufacture or supply of product as per 194c. Trust does not provide marble to contractor?

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7 Replies

CA Makrand Nashikkar (Senior Manager (Finance)) (42 Points)
Replied 07 May 2016

it is purely a transaction of purchase of goods and doesn't fall under ambit of TDS Provisions

anonymous (student) (750 Points)
Replied 07 May 2016

its a product if its not specially designed for the trust...

if the assessee gave specifications regarding the design of the marble then only 194c will be applicable on Labour cost..

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CA ABHAY GUPTA (Practice) (3230 Points)
Replied 07 May 2016

its a contract for manpower supply...tds will be deducted u/s 194C

CA Pawan Kolte (1 Points)
Replied 08 May 2016

194C Applicable if Marble is Carved is as per Trusts requirements/Designs. Else no need to deduct TDS.

Mahavir Garg (Partner) (55 Points)
Replied 09 May 2016

If any order is for specific requirement and include both service and materials tds should be deducted on whole bill amount.

shivam agarwal (ca student) (175 Points)
Replied 09 May 2016

TDS applicable only when goods and service take in the bundle. if there is any specification in good delivered then also requirement of deducting TDS.

mehtadhwani95@yahoo.co.in (mehtadhwani95@yahoo.co.in) (31 Points)
Replied 10 May 2016

Meaning of Work ‘work’ shall include

advertising;
Broadcasting and telecasting including production of programmes for such broadcasting or telecasting ;
carriage of goods or passengers by any mode of transport other than by railways;
catering ;
manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer , but
does not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer .