Tds applicable

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Anirudha

Anirudha (Querist)
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29 May 2013 Hi,

Can we deduct TDS on Printing stationary Job work.

if yes what is % for that

Anirudh

Rupesh Jain

Rupesh Jain (Expert)
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29 May 2013 IF YOU SUPPLY PAPER THEN tds t be deducted U/ s 194C

otherwise no tds will be deducted

Ganeshbabu K

Ganeshbabu K (Expert)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

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