Tds - regulated market committee(rmc)

On account of the recent rise in the price of potatoes, the Regulated Market Committees(RMC) were instructed to purchase potatoes from cold storages at  rates notified by the state government. These potatoes were then sold to the wholesalers for meeting customer demand. 

Now while the RMC makes payment for its potatoes purchased, does it deduct TDS under 94C if the payments exceed the stipulated amounts of Rs. 30,000 & Rs. 75,000.? 

If yes then should the RMC also deduct VAT?

 

Replies (1)

In your case, it appears that it is only a sale of potatoes.

Where is the question of TDS coming from?

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details