Tds in printing charges

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2012 We are getting printed item as per our requirement and logo.The printer charging VAT in their bill.Please let me know whether we have to deduct TDS from their bill and what is the threshold for deduction of TDS.

Please reply back immediately.

Sunny Sonwal

Sunny Sonwal (Expert)
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12 October 2012 yes, you can deduct TDS @1% in the case of payment made to Individual and HUF and @2% in the case of Other than Individual and HUF.

Threshold limit is Rs. 30000 in one payment and Rs 75000 in a whole payment.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 October 2012 If the required materials are purchased from market ie., other than from you, then it is not a 'work' as per the substituted section 194C ,w.e.f 01-10-2009, and accordingly no need to deduct income tax at source.