Bookmarks   Feedback   Annual Subscription   New User   Login  
Tax Management India .com   
   TMI - Tax Management India. Com   
Guidelines on safety and security of premises where imported or export goods are loaded, unloaded, handled or stored    *    After GST - Machinery booking on commission    *    Excise Cenvat credit on Electricity Power bill    *    Cenvat credit on water treatment plant    *    LTC exemption for travelling to Sri Lanka    *    Applicability Of Service tax on Liquidated Damages    *    WITH GST CONSTITUTIONAL AMENDMENTS, WHAT NEXT ?    *    Companies Act, 2013-25 Key Highlights    *    status foodgrain pulses and oilseed    *    Service tax exemption for transportation of life saving medicines    *    Goods and GST Bill passed    *    CENVAT CREDIT    *    Employees sent on deputation to subsidiary/ associate companies (Service Tax)    *    GLOW SIGN AND HOARDING    *    Regarding cenvat credit on service tax on rent a cab    *    Potato Chips as Namkeen    *    Central Excise Exemption of ₹ 150 Lakhs    *    Cenvat Credit - refund - export of services - The registration is not the sole criteria for granting refund, so long the other conditions are satisfied, refund shall be granted - Tri    *    CENVAT credit demo cars capital goods input nothing is demonstrated today that a demo car falls in any of the Chapters dealing with capital goods - credit cannot be allowed - Tri    *    Period of limitation - in case duty was required to be paid on the strips, the appellant was entitled to avail credit of duty paid on the granules, which would have neutralized the entire demand on the strips - in this Revenue neutrally background, there could be no malafide on the part of the appellant to evade duty - Tri
Discussions Forum
Home Forum Income Tax
← Previous Next →

applicability of tds - Income Tax

#1 Issue Id: - 4115
Dated: 3-5-2012
By:- sid chakravarthy
applicability of tds

  • Forum


we have purchased two lakh sms for issuing in bulk from a company through quotation at a cost of Rs.31,500.00.

i would like to know whethere it attracts TDS under 194 C of income tax.

with regards,

chakravarthy s n

Post Reply

Posts / Replies


#2 Dated: 19-5-2012

Dear Sir ,

 In accordance with the provisons of section 194C , any person responsible for paying any sum to any residentcontracotr for carrying out any work (includinf supply of labour for carrying out any work ) under  a contract in pursuance of  a contrat between contractor and pesons specified in explanation to section 194C , shall deduct income tax at the time of such payment thereof . Hence for the application of section 194C there should be a contract for carrying out any work . The provisions of section 194C are not applicabel on the purhcases . In tis case the quariest has made the purchases of Buld SMS . It is not a contract for carrying out any work . Hence no TDS is required to be deducted u/s  194C.

#3 Dated: 19-5-2012

Dear Sir,

As per the provision of section 194C any person responsible for paying any sum to any resident contractor

for carrying out any work (including spply of labour) under a contract  in pursuance to a contract between contractor and the person specified under explanation to section 194C , shall dedcut tax at source at the time of such payment thereof -----. Hence  there must be a contract between the parties for the carrying out any work inculding supply of labour . In the case of the quariest  has purchased the goods . Hence provisions of section 194C are not applicable

Post Reply


← Previous Next →
what is new what is new

Advanced Search

Latest Updates




More Options


|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map || ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version