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Tds (Income Tax)

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This query is : Resolved



( Author )
21 August 2013

Tds on printing of company brochure,
5% vat charged in invoice. Single bill of Rs.60000/-

Is tds applicable.



CA Parul Saxena

( Expert )
21 August 2013

Yes TDS to be deducted on whole bill amount under section 194C if the deductee is Company then @ 2% if other than co.then @1%


Mukesh

( Author )
21 August 2013

if the bill treated as sale invoice, not having any work contract. then can be treated as sale bill and no tds


CA Parul Saxena

( Expert )
21 August 2013

In my opinion it is not the sale bill wait for the other's valuable opinion..........


M.com,CS,CAFinal Tushar Sampat

( Expert )
21 August 2013

sale bill or sales invoive is raised when u sell something.
Here in your case it is service provided of making brouchers hence it is not sales invoice, it is contract of prinitng brouchers.Accordingly TDS u/s 194C will be attarcted.
If deductee is Individual/ Huf - 1 %
for others-2%
if no pan no. provided then 20%.


Mukesh

( Author )
21 August 2013

material provided by service provider itself and charged only vat @5 % then also, because service provider only mention the item as brochures.


M.com,CS,CAFinal Tushar Sampat

( Expert )
21 August 2013

If the deductor is also providing materials then it will not be works contact it will contract for sale and then no tds will be applicable.


CA BHARATH KUMAR

( Expert )
22 August 2013

its under sub contact under section 194c. if individual -1% or company 2% tDS applicable


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