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
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.
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Gift Received from nonblood relative
- Experts need help
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Is any professional CA is here please reply
- Putting a heading on received mail
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
