Regarding contractual payment

This query is : Resolved

Devanshu (Querist)
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23 May 2016 Hi I have paid Rs.45000.00 to a printing firm from which i use to get my firms labels and other advertisement materials get printed.Does it attract TDS u/s 194C

Amol S Joglekar

Amol S Joglekar (Expert)
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23 May 2016 what is your status....individual, firm, society...can you please clarify?

Rupesh Jain

Rupesh Jain (Expert)
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23 May 2016 if you supply the raw material to firm then (partnership then TDS @2%, propprietorship @1%) on printing charges tds will be deducred.
you get printed material form printer then no tds will deducted.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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23 May 2016 If single payment made or bill if it exceeds Rs.30000/- than TDS to be deducted @1% individuals and HUF or 2% as other than above.

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