Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2013
Dear All,
My issued is regarding TDS Deduction Under Section 194 C
We are partner ship firm purchase paint from another company who is PVT LTD after purchasing paint from him we fill in our Paint Can Supply to them
It means He is our customer as well as our supplier also but he deduct 2 % TDS in our payment agst Can Supply to them is it correct
Let me confirm
Regards
Karun Khurana
My issued is regarding TDS Deduction Under Section 194 C
We are partner ship firm purchase paint from another company who is PVT LTD after purchasing paint from him we fill in our Paint Can Supply to them
It means He is our customer as well as our supplier also but he deduct 2 % TDS in our payment agst Can Supply to them is it correct
Let me confirm
Regards
Karun Khurana
17 August 2013
You must be having some sort of contract which means all cans are supplied to you on regular basis and at fixed rate. This forms contract supply and it is correctly deducting 2% TDS from all your supplied.
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