Tds

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Swarup Maity (Querist)
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10 October 2015 Dear Sir,

One vendor has supplied material value of Rs.5,00,000.00 (Approx)in the F.Y. - 2015-16 and in the same financial year he has given a manpower supply bill of Rs. 25,000.00 (Assume that the vendor will not give any manpower supply bill in this financial year)

Should I deduct TDS from his manpower supply bill?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 October 2015 No. TDS not required to be deducted u/s 194C since threshold limit has not been crossed. For determining threshold limit value of supply of material will not be considered as the same does not attract provision of section 194C.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 October 2015 No TDS applicable as it is less than the thresh hold limit of 30,000.

RAHULSMITTAL

RAHULSMITTAL (Expert)
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10 October 2015 No need to deduct TDS.
Raw material bill is not a service it is not covered under TDS provisions.
Second bill of rs 25000 rs is within the limit of RS 30000 single bill payment and rs 75000 per annum.
So neee to deduct TDS at all

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