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TDS on Contract

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(Querist)
16 May 2008 A company regularily purchase stationery items like CDs, toner cartridge etc. from a single shop. Whether the company is liable to deduct TDS on the above???
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
16 May 2008 you are purchasing goods from dealers & not given any contract it is your purchases so tds is not to be deducted
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R.V.RAO

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R.V.RAO (Expert)
16 May 2008 WHERE IT IS A PURCHASE OF GOODS /MERCHANDISE, VAT IS ATTRACTED . BUT THERE IS NO TDS APPLICABILITY.
CONTRACTS WHICH ARE IN THE NATURE OF A SERVICE FALLING UNDER THE PURVIEW OF SEC 192 TO 196 OF INCOME TAX ACT ATTRACT TDS.
R.V.RAO
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