Tds
This query is : Resolved
Dhanraj Jeyakumar
(Querist)
08 September 2011
Is TDS to be deducted on purchase of Tags / Packing materials having brand name??
kindly explain the provisions??
kindly explain the provisions??
CA Navin Jain
(Expert)
08 September 2011
yes, deduct tds under sec 194c
08 September 2011
No. TDS not required to be deducted as it is a transaction of purchase.
CA Navin Jain
(Expert)
08 September 2011
If you have purchased the material with company logo then tds is applicable.
Aditya Maheshwari
(Expert)
08 September 2011
Works contract does not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer.
So if material not supplied by the customer then TDS not deductible and if material supplied by the customer then TDS deductible.
So if material not supplied by the customer then TDS not deductible and if material supplied by the customer then TDS deductible.
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08 September 2011
Completely agree to what Aditya said.
TDS in the given case will not be deductible as the term used is "purchase of Tags / Packing materials" so question of supply of material does not arises as it is simple transaction of purchase. I may kindly be corrected, if wrong.
TDS in the given case will not be deductible as the term used is "purchase of Tags / Packing materials" so question of supply of material does not arises as it is simple transaction of purchase. I may kindly be corrected, if wrong.
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