Printing and stationary

Save Share

This query is : Resolved

Nagendra Kumar (Querist)

07 March 2008 some documents are printed and bill is 50000/-.on this amount Tds is applicable?
under what section? my Doubt is may be it is printing and stationary expenses.

CA Hemant T Dewani

CA Hemant T Dewani (Expert)

08 March 2008 if your job is printing &stationery and you will not supply any material to the party then this is purchase and party will chargred vat on total amount if it is works contract then you will deduct tds
if payment are made in excess of rs 20000/
at one time or total payments are in excess of rs 50000/- in the year then you will deduct tds U/S 194C of the same act
if your quriy is printing and stationery expences then if above condition is satisfied then no tds is to be deducted if there is p[urchases

CA J M Pattanayak

CA J M Pattanayak (Expert)

08 March 2008 Printing of documents is considered as printing and stationery expenses.

If the bill payment is one time exceding Rs.20,000 then TDS has to be deducted U/S 194C. If the bill is divided and total expenses for the year doesnot exceed Rs.50,000 then TDS need not be deducted. If the total expenses exceed Rs.50,000 during the financial year then TDS has to be deducted.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now