Printing book -tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 Dear Sir ,

Our Paper Trader providing Paper to the Offset Printer & Offset printer printing Books & supply to us with 5% Vat.

So may I deduct TDS while paying Bill amount & If Yes on Which amount TDS will be Deducted-Basic or Gross bill amount?

What is the % of TDS & under which section it will be deducted ?

Rupesh Jain

Rupesh Jain (Expert)
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07 June 2014 if the printer give you labour bill/printing charge bill then you have tot deduct the TDS u/s 194C @ 1 or 2% individual/huf or company /firm if payment of single Rs. 30000/- or Rs.75000/-. if he give you only material bill then no need to deduct the tds.

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 Dear Sir ,

Means I have to Deduct TDS 2% u/s 194C on Gross Bill amount ?

Rupesh Jain

Rupesh Jain (Expert)
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07 June 2014 yes if he give you bill of labour exp. if he give material bill then no tds will be applicable.

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