Tds applicable
This query is : Resolved
29 May 2013
Hi,
Can we deduct TDS on Printing stationary Job work.
if yes what is % for that
Anirudh
Can we deduct TDS on Printing stationary Job work.
if yes what is % for that
Anirudh
29 May 2013
IF YOU SUPPLY PAPER THEN tds t be deducted U/ s 194C
otherwise no tds will be deducted
otherwise no tds will be deducted
29 May 2013
if VAT/CST is charged on bill it can be seen as contract for sale , so no tds required
for all remaining it can be considered as "contract of work" and hence tds 194C will be applicable at the rates prescribed
tds 194C @ 1% payment to individual/huf
tds 194c @ 2% payment to other than individual and huf
for all remaining it can be considered as "contract of work" and hence tds 194C will be applicable at the rates prescribed
tds 194C @ 1% payment to individual/huf
tds 194c @ 2% payment to other than individual and huf
29 May 2013
TDS applicability , in the cited issue, depends on from whom the 'materials for printing' is purchased.
i) if purchased from you (deductor), TDS attracts u/s 194C. Rate for deduction is 1% / 2% as cited above.
ii) if purchased from elsewhere, TDS provisions doesn't attract.
This is the provision applicable from 01/10/2009 and onwards.
i) if purchased from you (deductor), TDS attracts u/s 194C. Rate for deduction is 1% / 2% as cited above.
ii) if purchased from elsewhere, TDS provisions doesn't attract.
This is the provision applicable from 01/10/2009 and onwards.
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