TDS U/S 194C



I want to know whether purchase of goods in every month on contract basis is liable to TDS or not u/s 194C?
 
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No, it is not liable to tax
 
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(TAX CONSULTANTS - AUDITORS)

no... TDS not applicable in this purchase contract...

Total likes : 2 times

 
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why TDS not applicable? pls explain sir's....
 
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(TAX CONSULTANTS - AUDITORS)

Bcoz, Purchase of Goods...
 
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Chartered Accountant

If it is purely purchase of goods. Tds is not applicable
 
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whether purchase of goods for trading is exempted from deduction of tax at source?
 
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purchase item consume 

 
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No,it's not a service
 
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mere purchasing of goods on contract basis does not fall under the purview of the definition of 'WORK' as covered u/s 194C. so the question to deduct TDS does not arise in such transaction.

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