TDS
This query is : Open
09 November 2009
Dear Sir,
Pls Clarify
TDS applicable for Printing of Visiting Cards,broucher, catalogs.
Regard's
Manju
Pls Clarify
TDS applicable for Printing of Visiting Cards,broucher, catalogs.
Regard's
Manju
09 November 2009
We are a 100% EOU manufacturing Bulk Drugs and purchase material imported and indigenous accordingly make Export and DTA sale but mostly we are selling our product in DTA and pay excise duty (8.24%) only. For making product we use indigenous procured goods, which we procured against CT-3. Should we also pay Customs duty (50%) & Excise duty (8.24%) as well as both Cess. Please let us know the duty structure of DTA clearance in relation to use of indigenous procured goods with relevant notification.
09 November 2009
Please refer
Circular No. 715, dated 8-8-1995 on the subject of applicability of section 194C, in respect of contract for supply printed material as per prescribed specifications, it has been said that such contracts would also
be covered under section 194C.
Before taking a decision on the applicability of TDS under section 194C on a contract, it would have to be examined whether the contract in question is a ‘contract for work’ or a ‘contract for sale’ and TDS shall be applicable only where it is a ‘contract for work’. It is, therefore, clarified that the provisions of section 194C would apply in respect of a contract for supply of any article or thing as per prescribed specifications only if it is a contract for work and not a contract for sale as per the principles in this regard laid down in para 7(vi) of Circular No. 681, dated 8-3-1994.
If printing charges are fixed for all card say Rs 200.00 irresprctive of Qty ordered then 194C would not applicable as it "contract for sale’ and "not for contract of work"
Circular No. 715, dated 8-8-1995 on the subject of applicability of section 194C, in respect of contract for supply printed material as per prescribed specifications, it has been said that such contracts would also
be covered under section 194C.
Before taking a decision on the applicability of TDS under section 194C on a contract, it would have to be examined whether the contract in question is a ‘contract for work’ or a ‘contract for sale’ and TDS shall be applicable only where it is a ‘contract for work’. It is, therefore, clarified that the provisions of section 194C would apply in respect of a contract for supply of any article or thing as per prescribed specifications only if it is a contract for work and not a contract for sale as per the principles in this regard laid down in para 7(vi) of Circular No. 681, dated 8-3-1994.
If printing charges are fixed for all card say Rs 200.00 irresprctive of Qty ordered then 194C would not applicable as it "contract for sale’ and "not for contract of work"
09 November 2009
TDS applicable for Printing of Visiting Cards,broucher, catalogs.
Circular No. 715, dated 8-8-1995 on the subject of applicability of section 194C, in respect of contract for supply printed material as per prescribed specifications, it has been said that such contracts would also
be covered under section 194C.
Before taking a decision on the applicability of TDS under section 194C on a contract, it would have to be examined whether the contract in question is a ‘contract for work’ or a ‘contract for sale’ and TDS shall be applicable only where it is a ‘contract for work’. It is, therefore, clarified that the provisions of section 194C would apply in respect of a contract for supply of any article or thing as per prescribed specifications only if it is a contract for work and not a contract for sale as per the principles in this regard laid down in para 7(vi) of Circular No. 681, dated 8-3-1994.
If printing charges are fixed for all card say Rs 200.00 irresprctive of Qty ordered then 194C would not applicable as it "contract for sale’ and "not for contract of work"
TDS applicable for Printing of Visiting Cards,broucher, catalogs.
Circular No. 715, dated 8-8-1995 on the subject of applicability of section 194C, in respect of contract for supply printed material as per prescribed specifications, it has been said that such contracts would also
be covered under section 194C.
Before taking a decision on the applicability of TDS under section 194C on a contract, it would have to be examined whether the contract in question is a ‘contract for work’ or a ‘contract for sale’ and TDS shall be applicable only where it is a ‘contract for work’. It is, therefore, clarified that the provisions of section 194C would apply in respect of a contract for supply of any article or thing as per prescribed specifications only if it is a contract for work and not a contract for sale as per the principles in this regard laid down in para 7(vi) of Circular No. 681, dated 8-3-1994.
If printing charges are fixed for all card say Rs 200.00 irresprctive of Qty ordered then 194C would not applicable as it "contract for sale’ and "not for contract of work"
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Multiple trade mark
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- RULE 86B APPLICABILITY IN QRMP TAX PAYER
- Regarding appeal to GSTAT
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
