Hi I am working in a civil constrction office
we are using ready mix cement from suppliers wheter we have to dedcut tds to RMC Companies
subbareddy (asst accounts) (31 Points)
26 October 2014Hi I am working in a civil constrction office
we are using ready mix cement from suppliers wheter we have to dedcut tds to RMC Companies
Mihir
(Wealth Manager)
(5293 Points)
Replied 26 October 2014
If you purchasing goods ie rmc, you need not deduct TDS.
CA Vap Patel
(Practice)
(1205 Points)
Replied 26 October 2014
Mere supply of material does not attract TDS. There should be work contract element to levy TDS. Since in your case your company is purely buying RMC it will not attract TDS.
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