ON WHICH AMOUNT PARTY WILL DEDUCT TDS ON MY PAYMENT FOR PURCHASING MATERIAL & SELLING FINISHED GOODS

ON WHICH AMOUNT PARTY WILL DEDUCT TDS ON MY PAYMENT FOR PURCHASING MATERIAL & SELLING FINISHED GOODS https://www.taxtmi.com/forum/issue?id=1918 Whether withholding under the amended 194C applies turns on characterisation of the transaction as sale of goods or contract for work. Forum replies state that TDS is generally not deducted on purchase of materials except for certain commodities such as timber and liquor, while payments for services or hiring equipment (eg, crane for loading/unloading) may attract contractor TDS at the applicable rate. en-us Wed, 05 May 2010 10:52:11 +0530 Thu, 23 Jan 2025 15:58:36 +0530 TaxTMI RSS Generator ON WHICH AMOUNT PARTY WILL DEDUCT TDS ON MY PAYMENT FOR PURCHASING MATERIAL & SELLING FINISHED GOODS https://www.taxtmi.com/forum/issue?id=1918 Whether withholding under the amended 194C applies turns on characterisation of the transaction as sale of goods or contract for work. Forum replies state that TDS is generally not deducted on purchase of materials except for certain commodities such as timber and liquor, while payments for services or hiring equipment (eg, crane for loading/unloading) may attract contractor TDS at the applicable rate. Discussion-Forum Income Tax Wed, 05 May 2010 10:52:11 +0530 https://www.taxtmi.com/forum/issue?id=1918