tds on purchases of printing & stationery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2009
In case a printing company is placed an order for say 45000/- viz. printing of leaflets, broachres, visiting cards for 35000/- and 10000 for stationery items, on credit basis, while making payment should we deduct TDS on 45000/- and at what percentage and for what items. For general offic purchases worth about less than 2500/- are we to deduct TDS, if so, at what rates
10 November 2009
If the purchasing company collects Vat on the buill amount raised by them, it's nature is only a contract of sale and you don't have to deduct tax. Otherwise you should deduct tax.
10 November 2009
on 35,000/- you have deduct TDS u/s 194C @ 2%
10 November 2009
By virtue of explanation (iv) (e) of section 194C, if materials are not supplied to the printing company, TDS provisions does not attract to the said deal.
10 November 2009
Agree with Mr.Deepak & Mr.Warrier, If vat not collected on the bill, then it is contract payment and TDS will be deducted on total amount of Rs.45000/- @ 1% if individual,2% if company...The contract exceeds Rs.20000/- TDS will be deducted, if the cumulative contract bills crossed 50000/- and above also TDS applicable
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
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
