Tds on advertisement.

This query is : Resolved

MANJUNATHA M.R (Querist)
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05 August 2014 Dear Experts I have paid Rs.87380/- (single Bill) to printers who make flex banners in the name of mine. The Bill details is here below; PVC Materials 44000.00
Vat @ 14.5% 6380.00
Labour & Transport 37000.00
Total ---------
87,380.00
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My query is whether I have deduct TDS for Full Bill Value or only portion of Labour & Transport i.e., Rs.37,000/- Please advise in this regard. Thanks in Advance.

CA PRIYUL SHAH

CA PRIYUL SHAH (Expert)
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05 August 2014 I think you should deduct TDS on whole amount as you have received single bill. If materials bill separately received then no need to deduct TDS on material portion.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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05 August 2014 It is purchase of goods rather than advertisement contract, so no need to deduct TDS

CA UMESH DULAL

CA UMESH DULAL (Expert)
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05 August 2014 It is purchase of goods rather than advertisement contract, so no need to deduct TDS

NAVIN SAFFAR

NAVIN SAFFAR (Expert)
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05 August 2014 There is no TDS on transportation and purchase of goods. Hence no need to deduct the tds.

MANJUNATHA M.R

MANJUNATHA M.R (Querist)
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06 August 2014 We have not purchasing any goods from him only give him to make flex banners.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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06 August 2014 Since the material is not supplied by you, it is a case of sale/purchase. So no TDS

MANJUNATHA M.R

MANJUNATHA M.R (Querist)
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06 August 2014 Materials not supplied by us only the cost we paid to party who make flex banners. The Printer supplied bill for Rs.87,380/- This Bill Under what head we have to account. Because it is purely goes to Advertisement.
Thanks in Advance

CA UMESH DULAL

CA UMESH DULAL (Expert)
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06 August 2014 If you have not supply material, it is a case of sale/purchase so No tds is applicable regardless of what you have shown in your books.

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