Application of 194(c)

TDS / TCS 853 views 6 replies

CA Hemant Jain

Accounts/Internal Audit Officer

90 Points Posted on 05 July 2011

whether tds for payment to the manufacturer of plastic bags with trade mark & name of respective shops/business fall under 194(c)?

Replies (6)

Aparna Raja K.C

Student

520 Points Posted on 05 July 2011

No,

As per section 194 C of income tax Act, payment to a contractor made under contract for sale of goods doesnt attract TDS :)

valji

Accounts manager-MBA

2150 Points Posted on 05 July 2011

agree with above TDS is not applicable to sale of the goods

Mayank

Sr.Accountant

152 Points Posted on 05 July 2011

Section 194(C) will not be applicable for sale of goods

CA ADITYA SHARMA

CA IN PRACTICE

16719 Points Posted on 05 July 2011

YES TDS IS NOT APPLICABLE ON SALE OF GOODS

CA,CMA,CS Karan Gogia

Employed

230 Points Posted on 05 July 2011

according to the law....

“work” shall include—

(a) advertising;

(b) broadcasting and telecasting including production of programmes for such broadcasting or telecasting;

(d) catering;

(e) manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer,

but does not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer.].

so will get the answer easily...

in case of difficulty pls write

HASIQ ISMAIL

PURSUING CA FINAL

110 Points Posted on 06 July 2011

Originally posted by : CA,CMA,CS Karan Gogia
	according to the law.... “work” shall include— (a) advertising; (b) broadcasting and telecasting including production of programmes for such broadcasting or telecasting; (c) carriage of goods or passengers by any mode of transport other than by railways; (d) catering; (e) manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer, but does not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer.]. so will get the answer easily... in case of difficulty pls write