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Sec 194c
Dear experts,
If assesse is Pvt ltd company & it pays annually More than 3 lakhs rupees as Printing & stationery Exp for buying stationery. It has only 1 supplier from whom it buys stationery. Whether Co is liable to deduct TDS u/s 194c? If yes please do give reasons or vice-versa
Replies (5)
Manufacturing or supplying of a product according to the requirement or specification of a customer by using the materials purchased from such customer, But does not include manufacturing or supplying of a product according to the requirements or specifications of a customer by using the materials purchased from a person, other than such a customer.
So TDS is not required to be deducted on printing and stationery because it did not come under the definition of works contract. It is only a sale
But here printing is not done as per my specification it is purchased as it is.
In the given case , tds is not deductible. It is mere purchase of stationery and hence 194c is not attracted.
It is mere purchase hence not Tax deductible at source
Ok thank you for Your prompt reply
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