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19C vs 194Q
Is 194C covers contract for supply of goods ?
Replies (12)
Quick Summary
No it covers only works contract and not goods
If goods are part of works contract ?
If goods are part of work contarct then its is composite contract and will come under 194C.
If the contract is only for supply goods and value is 1 crore ?
In my opinion, it will again treated as a contract and TDS to be deducted u/s 194C.
Contract for supply of goods should be treated differently from supply of goods as normal sale.
How about 194Q ?
If it would have been sale of goods without any contract agreement then like contract agreement executed after tendering etc. then TDS to be deducted u/s 194Q
If there is contract for sale of goods ?
Is it 194C or 194Q ?
Is it 194C or 194Q ?
Ofcourse it is 194Q purchase of goods.. contract is like PO it's price contract right.
If there is contract for supply of goods then it is 194Q only right ?
No, if the contract for the supply of goods exists then 194C.
If there is no such prior written contract with pricing and timelines like in tenders then TDS u/s 194Q.
Whether 194C is applicable for contract for sale of goods ?
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