Tds 194c Applicable or Not for Paperbags Trading

176 views
User Avatar

4 Points Posted on 22 November 2020

This is Vaibhav Deshmukh from VKVA Exports and Trading.I m into Trading of Paperbags and supplied printed paperbags with customers logo to one of my customer.

At the time of payment they are deducting TDS under 194 c which I'm not sure if applicable as never before any of my customers deducted the TDS on previous paperbags orders. This is first time I m facing this issue. Request experts to advise if there's any way to save TDS deduction from my payment as I have not deducted any TDS from the payment made to the manufacturer from whom I have procured the bags.

0 Reply Share Follow
On 22 November 2020 at 15:54 Report
Replies (3)
Quick Summary
Vaibhav Deshmukh, a paperbag trader, is facing TDS deductions under Section 194C for the first time on payments from a customer. He is seeking advice on whether this is applicable, especially as he supplied printed paperbags with the customer's logo. The applicability of TDS 194C often hinges on whether the customer provided materials for the paperbags or if the trader used their own purchased materials.

User Avatar

Accountant
3662 Points Posted on 22 November 2020
Materials given by customer to you or not ?
Reply
On 22 November 2020 at 17:14
User Avatar

4 Points Posted on 22 November 2020

Yes I have given material to the customer. 

Reply
On 22 November 2020 at 17:23
User Avatar

Accountant
3662 Points Posted on 22 November 2020
If material not received by you from customer and own purchased material supplied as per customer specifications - No need to deduct TDS by customer

If material received by you from customer then need to deduct TDS by customer
Reply
On 22 November 2020 at 21:58

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Capital gains incidence due to bonus shares
  2. Amendment of Object Clause of Memorandum
  3. How Can I Request a Refund for an Accidental Airte
  4. TDS on salary paid in cash
  5. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  6. Last Date To Fill ITR For Non-Audit Case
  7. Guidance Required on Filing Fresh Registration und
  8. IT Return Refund Status AY 2026-27
  9. Clarification Regarding Income Tax Demand Notice
  10. Online PAN Download: Check How?

More recent discussions | Post

Related Topics :

Loading