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TDS applicable or not

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24 October 2010 One of our client a pvt ltd company gave a contract relating to making of furniture for accounts department.company paid advance Rs.50000/- on 15/08/10towards the same.

Material required for this was purchased by the contractor himself and not the company.

after completion of contract following bill was raised by the contractor

material 100000
vat 12500
labour chgs 37500

total 150000

my question the above contract is not work as per section 194c so tds is applicable on advance or at the time of receipt of invoice or not.??
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 October 2010 TDS not applicable. Since the material is also supplied by the vendor it is a contract of sale. Further in the books of company the said amount will be capitalized as furniture.
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