194 c on gold ornaments making charges
This query is : Resolved
Quick Summary
24 January 2013
Sir,
X HAS PAID GOLD ORNAMENTS MAKING CHARGES TO Y Rs.1200000/- WHETHER TDS IS APPLICABLE HERE.
X IS AUDIT U/S 44AB
ADVANCE THANKS
X HAS PAID GOLD ORNAMENTS MAKING CHARGES TO Y Rs.1200000/- WHETHER TDS IS APPLICABLE HERE.
X IS AUDIT U/S 44AB
ADVANCE THANKS
CA PARAS BAFNA
(Expert)
24 January 2013
In case the ornaments are for personal purpose, no TDS is required to be deducted.
.
However, if the payment is made in connection with the business of the payer, TDS is required to be deducted U/s 194C.
.
.
However, if the payment is made in connection with the business of the payer, TDS is required to be deducted U/s 194C.
.
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