Tds on payments for printing of catalogues
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2013
I have got printed catalogs for the products being manufactured by me. Am I liable to deduct tax at source from such payment. If not, please let me know the relevant case law/section/CBDT Circular.
29 May 2013
you can see for u/s 194C of income tax act
30 May 2013
TDS applicability , in the cited issue, depends on from whom the 'materials for printing' is purchased.
i) if purchased from you , TDS attracts u/s 194C. Rate for deduction is 1% / 2% which depends on the 'status' of the payee.
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 , TDS attracts u/s 194C. Rate for deduction is 1% / 2% which depends on the 'status' of the payee.
ii) if purchased from elsewhere, TDS provisions doesn't attract.
This is the provision applicable from 01/10/2009 and onwards.
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
- RD1 approval
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
