Tds section 194c (under income tax act)
This query is : Resolved
18 April 2014
suppose we are purchase goods from X party and also purchase that goods bought out parts from other supplier i am assemble that products and again sale to X Party
now X party can deduct the TDS under Section 194C from my bill amount
it is any notification and rule
how it is possible ?
now X party can deduct the TDS under Section 194C from my bill amount
it is any notification and rule
how it is possible ?
18 April 2014
THE X PARTY CONSIDER YOU AS CONTRACTOR .
U/S 194C , there is implied contract between you and Mr X , as you are doing some job work nature of work.
hence TDS provision attracts in your case.
U/S 194C , there is implied contract between you and Mr X , as you are doing some job work nature of work.
hence TDS provision attracts in your case.
Message likes :
1 times
18 April 2014
i am purchase goods from X party with Excise & Vat i am assemble that goods(i.e. welding) from other bought out parts and sale to X party with vat & Excise
when we assemble that goods as per X party requirement & specification
when we assemble that goods as per X party requirement & specification
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- FORM 141 SDV query
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Eway bill not cancelled within 24 hous what can be due
- Capital gain on sale and purchase of plot
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
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
