Any change in 194c ?

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Sudhakar Gulawani (Querist)
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22 January 2012 Sir,
Pl. advice regarding any chage in 194c in chas of -
manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer.

Thanks,

Sudhakar Gulawani

Sudhakar Gulawani (Querist)
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22 January 2012 manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer. TDS require to deduct in this case ? any change in 194C ?

CA. Hari Kishan

CA. Hari Kishan (Expert)
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23 January 2012 Should there be a contract between both the parties where in the other party is manufacturing and supplying a product as per the requirement of the first party then the provision of section 194C shall attract. You can refer to circular no. 715 in this regard.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 January 2012 The then existed section has been substituted by the Finance (No.2) Act,2009 w.e.f 1/10/2009.
In view of that, you may refer clause (iv) of the explanation to the post substituted section which ,I hope ,will solve your issue.

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