Dear All,
I purchased cartitges from a party for Rs. 36000 and now I have to make the payment for the same. We have not executed any contract, so I want to know that whether I should pay the bill amount or should I deduct TDS and then pay.
Thanx
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Tds 194c
Replies (10)
No TDS deduction because it is a product. But the type/nature of product needs clarification.
Type/Nature
They are printer cartridges
TDS in not deductiable on Purchase of Cartridges
Ok, Also is it compulsory to execute a contract to deduct TDS.
There is never any need to deduct tds on trading of goods..
it is not necessay to be a written contract always, it can also be oral. but TDS shall be deducted only if satisfies the conditions for deduction.
What are the conditions for deduction of Tds
No TDS on purchase of materials
agreed with above discussion
TDS is not deducted in case of sale purchase transaction, but if there are specified contracts to supply of the materials then TDS should be deducted.
Experts kindly review my understanding.
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