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194 c on gold ornaments making charges

This query is : Resolved 
Quick Summary
TDS under Section 194C is applicable on gold ornament making charges if the payment is related to business purposes and the payer is liable for tax audit under Section 44AB. No TDS is required for personal transactions.

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(Querist)
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
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
24 January 2013 In case the ornaments are for personal purpose, no TDS is required to be deducted.
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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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