Tds
This query is : Resolved
04 June 2013
Dear,
Can u tell me whetehr TDS provisions are applicable for payment made to a pvt company on account of "journal printing charges" and "type setting charges"
Thanks and regards
Aashish
Can u tell me whetehr TDS provisions are applicable for payment made to a pvt company on account of "journal printing charges" and "type setting charges"
Thanks and regards
Aashish
04 June 2013
Please refer circular 715 in year 1995
As per that TDS is applicable in your case as per 194C.
Please note,
TDS 194C is applicable only on in case of "contract for work" and not for "contract for sale",
So in your case assuming it is purely work charges and material cost was not mentioned clearly in invoice..
so for you TDS is applicable 2%/1% as per 194C after considering threshold limit of single bills 30000 and total credit in 75000
As per that TDS is applicable in your case as per 194C.
Please note,
TDS 194C is applicable only on in case of "contract for work" and not for "contract for sale",
So in your case assuming it is purely work charges and material cost was not mentioned clearly in invoice..
so for you TDS is applicable 2%/1% as per 194C after considering threshold limit of single bills 30000 and total credit in 75000
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