pls clear the latest amendment u/s 194c regarding tds on sale of goods (with effect from 01.10.2009) MY QUESTION IS,WE ARE PURCHASING MATERIAL FROM CUSTOMER AND SELLING TO HIM ONLY THE FINISHED GOODS.PLS CLEAR ME ON WHICH AMOUNT PARTY WILL DEDUCT TDS ON MY PAYMENT.
MOBILE NO-9811966217
TDS Rules for Material Purchases and Hiring Cranes Explained Under Amended Section 194C Effective October 1, 2009. A participant in a discussion forum inquired about the applicable Tax Deducted at Source (TDS) on payments related to purchasing materials and selling finished goods, specifically under the amended section 194C effective from October 1, 2009. One respondent clarified that TDS is generally not deducted on the purchase of materials unless it involves specific products like timber or liquor. Another participant asked for clarification on the TDS rate applicable for hiring a crane for material handling. (AI Summary)
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