whether tds for payment to the manufacturer of plastic bags with trade mark & name of respective shops/business fall under 194(c)?
CA Hemant Jain (Accounts/Internal Audit Officer) (90 Points)
05 July 2011whether tds for payment to the manufacturer of plastic bags with trade mark & name of respective shops/business fall under 194(c)?
Aparna Raja K.C
(Student)
(520 Points)
Replied 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)
Replied 05 July 2011
agree with above TDS is not applicable to sale of the goods
Mayank
(Sr.Accountant)
(152 Points)
Replied 05 July 2011
Section 194(C) will not be applicable for sale of goods
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 05 July 2011
YES TDS IS NOT APPLICABLE ON SALE OF GOODS
CA,CMA,CS Karan Gogia
(Employed)
(230 Points)
Replied 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;
(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
HASIQ ISMAIL
(PURSUING CA FINAL )
(110 Points)
Replied 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 |
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