Tds u/s 194c
This query is : Resolved
07 July 2015
If there is a party on whom TDS is deducted u/s 194c for doing any work, Is it mandatory for deduction on another payment made to him for supply of material and transportion.I mean to say whether every transaction with same party shall be assumed to be under contract?
Contract can be oral or written
Contract can be oral or written
CA R SEETHARAMAN
(Expert)
07 July 2015
No TDS on supply of material but TDS applicable on transportation. Yes every transaction with same party shall be assumed to be under contract. Contract can be oral or written.
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07 July 2015
only those transaction which are covered under definition of works contract under sec 194c must deduct tds.
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07 July 2015
So on combined payment to aforesaid party shall not be liable to TDS?
07 July 2015
if party is same and the transaction fits in definition of works contract under sec 194C then u need to deduct tds under same section subject to the threshold limit mentioned in said section
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