194c

X Ltd.  Mfg. Fabric From Yarn Purchased From Y Ltd. & Along With Yarn Purchased From Other Party.

X Ltd. Sale Fabric TO Y Ltd.

Whether Y Ltd. Is Liable TO Deduct TDS

Please Give Answer After Reading Amenment Which Substitute Entire Existing 194c

Replies (2)

 

Tds is not applicable on purchase of goods but yes if there is contract between X and Y than you can deduct tds u/s194C

In the Case of purchases section 194C is not applicable & the other party is not liable to deduct TDS

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