Tds rate on contract of sale
This query is : Resolved
26 June 2015
Dear Sir,
Pl tell me TDS rate and section for 'Contract for Work' and 'Contract for Sale'. Pl tell me any Supreme Court ruling "TDS will not deduct in Contract for Sale of Goods,.
Thanks
Pl tell me TDS rate and section for 'Contract for Work' and 'Contract for Sale'. Pl tell me any Supreme Court ruling "TDS will not deduct in Contract for Sale of Goods,.
Thanks
CMA Ramesh Krishnan
(Expert)
26 June 2015
Contract for work is comes under sec.194C and the rate is 1% for non corporate payee and 2% for corporate payee
27 June 2015
Dear Sir,
I want to know difference between 'Contract for Work' and 'Contract for Sale of Goods'. One another thing that pl tell me is TDS not deduct 'Contract for Sale of Goods' as per Supreme Court Ruling Circular No. 13/ 2006 dt 13/12/2006.
I want to know difference between 'Contract for Work' and 'Contract for Sale of Goods'. One another thing that pl tell me is TDS not deduct 'Contract for Sale of Goods' as per Supreme Court Ruling Circular No. 13/ 2006 dt 13/12/2006.
CMA Ramesh Krishnan
(Expert)
27 June 2015
please refer the article
https://www.caclubindia.com/articles/works-contracts-vs-contract-of-sales-whether-tax-deduction-2313.asp
https://www.caclubindia.com/articles/works-contracts-vs-contract-of-sales-whether-tax-deduction-2313.asp
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