Tds on payment to supplier of building material
This query is : Resolved
29 June 2015
Whether TDS would be deducted U/S 194C if payment is made for purchase of building material worth Rs. 40000?
Will it be considered as a contract?
30 June 2015
No. Contract for Supply of Material not covered u/s 194C. TDS not required to be deducted.
Message likes :
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30 June 2015
Thanks for the response.
But sir can you please tell the reason for the same.
But sir can you please tell the reason for the same.
30 June 2015
Simply TDS provision is not attracted on purchase transactions.
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