TDS U/s 194C Urgent!!!

This query is : Resolved

Rajesh (Querist)
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18 July 2010 Can anyone provide me what are all the payments that can be brough under 194C?
To put in a different way can the IT department has the right to put any payment made (other than purchases) and for which no TDS provision is specifically there then can he classify it under 194C and for this u have to decut tax?
Please clarify me it is very urgent!!!
With regards,
rajesh

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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18 July 2010 contract is basic for sec.194C applicability . so need to see the existence of contract

srinath

srinath (Expert)
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18 July 2010 there is no need for existance of written contract. even implied contrct is enough

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 July 2010 The substituted section 194C had given an inclusive definition for "work".So there is every probabilty to include most of the transactions (other than purchases) with in the ambit of term work to levy the provisions of section 194C which may lead to prolonged litigation.

DR GAURAV GUPTA FCA, FCS, LL.B

DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
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18 July 2010 definition of work is important which is exhaustive so if payment is covered under this then tds is applicable otherwise not, it includes 5 points see section 194 c carefully

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