Tds
This query is : Resolved
12 December 2013
Hi Can anybody tell me
if my company has ask to a supply vendor 100 walkie talkie devices for an event. do i need to deduct TDS on payment to vendor
if my company has ask to a supply vendor 100 walkie talkie devices for an event. do i need to deduct TDS on payment to vendor
13 December 2013
yes. under 194C subject to minimum exempted limits mentioned therein.
14 December 2013
welcome Soumya ji.
15 December 2013
Hi Kaushik ji, as per 194 C,supply of materials without any manpower cannot be considered as contract.
supplying a product/materials according to the requirement of a customer by using material purchased from such customer will be considered as contract.
so in this case it falls u/s 194I as tds on rent of plant & machinery.
Please clarify my doubt.
supplying a product/materials according to the requirement of a customer by using material purchased from such customer will be considered as contract.
so in this case it falls u/s 194I as tds on rent of plant & machinery.
Please clarify my doubt.
15 December 2013
Dear Soumya ji,
I stand corrected. Yes, if you are just providing walkie-talkies for a specific period you may deduct under 194-I.
I stand corrected. Yes, if you are just providing walkie-talkies for a specific period you may deduct under 194-I.
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