tds on pre fabricated material

This query is : Resolved 

17 April 2009
if a compay pay Rs.2Crores towards supplly of Pre-fabricated Steel material supply. HAVE written contract to supply.

Whether to deduct TDS?

17 April 2009 It is a purchase transaction and not a contract for carrying out any work.

Having a written contract is of no relevance.

TDS not required to be deducted.



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