TDS ON PRINTING
This query is : Resolved
05 November 2009
Is TDS applicable on printing of brochures, leaflets, calendars etc u/s
194C. In this connection, please refer to Circular No. 13/2006 dt
13.12.2006 of CBDT. What about regular printing bills?
In respect of advt placed in souvenirs, it so happened that 2 separate
insertions in 2 magazines issued by the Indian Drugs Manufacturers Asscn
(IDMA) amounting to Rs.15,000 and Rs.11,000 resp were covered by a single
bill of IDMA and paid by Toshvin without TDS. Will such payment get covered
u/s 194C since it exceeds Rs.20,000?
Our scrutiny proceedings for AY 2007-08 are in progress where these queries
have been raised re non-deduction of TDS and disallowance u/s 40(a)
accordingly.
Would be glad to have your views on the above.
Thanks and with regards.
Sunil
194C. In this connection, please refer to Circular No. 13/2006 dt
13.12.2006 of CBDT. What about regular printing bills?
In respect of advt placed in souvenirs, it so happened that 2 separate
insertions in 2 magazines issued by the Indian Drugs Manufacturers Asscn
(IDMA) amounting to Rs.15,000 and Rs.11,000 resp were covered by a single
bill of IDMA and paid by Toshvin without TDS. Will such payment get covered
u/s 194C since it exceeds Rs.20,000?
Our scrutiny proceedings for AY 2007-08 are in progress where these queries
have been raised re non-deduction of TDS and disallowance u/s 40(a)
accordingly.
Would be glad to have your views on the above.
Thanks and with regards.
Sunil
Praveen Sharma
(Expert)
06 November 2009
As per facts given by you, TDS were not deducted on these two bills as both individual bills does not exceed rs. 20,000/- & both bills dosnot exceed Rs. 50,000/-.
Regards
Regards
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