Tds

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Soumya (Querist)
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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

Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 December 2013 yes. under 194C subject to minimum exempted limits mentioned therein.

Soumya

Soumya (Querist)
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14 December 2013 Thank u Kaushik ji

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 December 2013 welcome Soumya ji.

Soumya

Soumya (Querist)
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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.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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.

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