TDS U/S 194 C IS APPLICABLE ?
This query is : Resolved
29 October 2009
HI MY FREINDS.
WE ARE A MANUFACURE & SELLING TO OTHERS COS ,WHICH ARE ALSO MANUF.& SELLING THERE GOODS TO THE MARKET. WE HAVE SALES AGREMNT WITH OUR CUSTOMERS. NOW AS PER NEW AMNDT FROM.1.10.2009 ,OUR CUSTOMER DED.TDS U/S194 C TOWARDS SALES. WE ARE ISSUING THEM TAX/EXCISE INV SHOWING SALES VAL.VAT,EXSC,FREIGT,AND ON THAT BASIS ,THEY R GIVING US C-FORM & TAKINF VAT BENIFTS ALSO. NOW IS THEY R RIGHT TO DED.TDS , CAN WE TAKE ANY KINF OF TAX EXP.CERT. FROM DEPT. WHAT WE SHOULD DO . I HOPE THAT MY EXPERTS WILL GIVE SOLUTION TO ME. MAHINDERBHARTI@YAHOO.CO.IN
WE ARE A MANUFACURE & SELLING TO OTHERS COS ,WHICH ARE ALSO MANUF.& SELLING THERE GOODS TO THE MARKET. WE HAVE SALES AGREMNT WITH OUR CUSTOMERS. NOW AS PER NEW AMNDT FROM.1.10.2009 ,OUR CUSTOMER DED.TDS U/S194 C TOWARDS SALES. WE ARE ISSUING THEM TAX/EXCISE INV SHOWING SALES VAL.VAT,EXSC,FREIGT,AND ON THAT BASIS ,THEY R GIVING US C-FORM & TAKINF VAT BENIFTS ALSO. NOW IS THEY R RIGHT TO DED.TDS , CAN WE TAKE ANY KINF OF TAX EXP.CERT. FROM DEPT. WHAT WE SHOULD DO . I HOPE THAT MY EXPERTS WILL GIVE SOLUTION TO ME. MAHINDERBHARTI@YAHOO.CO.IN
CA SANJAY MUKHERJEE
(Expert)
29 October 2009
Hi Mahinder,
I can't remember any amendment or change wef 01.10.09 which asks for TDS under Sec 104C on sales agreement.
I can't remember any amendment or change wef 01.10.09 which asks for TDS under Sec 104C on sales agreement.
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