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Tax deducted at source

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(Querist)
26 October 2008 Wheather advance against Supply of goods is liabble for TDS U/s194C.
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Ankit Dangayach

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Ankit Dangayach (Expert)
26 October 2008 TDS is not deducted on purchase and sale of goods,so no TDS is to be deducted on advance payment of such purchase consideration.However if u makes advance payment to transporter as carriage for supply of goods then TDS is to be deducted from such advance payment U/s 194C.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 October 2008 Advance payments for supply of goods do not come under the purview of section 194C.
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O.D.SHARMA

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O.D.SHARMA (Expert)
26 October 2008 Dear,
supply & purchases are not covered in 94C.This contract that have TDS liability.make differences & pay accordingly.
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Jitender

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Jitender (Expert)
27 October 2008 no tds to be deducted if payment is not liable to tds.
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