Tds on stamps as per my specfications


This query is : Resolved 

Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to the purchase of custom-made stamps, such as bank round stamps or signature code stamps. The consensus is that TDS is generally not applicable to such purchases. However, if the stamp creation is considered a contract under Section 194C, TDS might apply at the relevant rate.

(Querist)
14 October 2020 Is TDS applicable on purchase of stamps e.g. bank round stamp / signature code stamp / bank address stamp and any stamp which is made as per our specifications.
If TDS applicable, then which rate ?

thanks


15 October 2020 If it is given on a contract basis than TDS u/s 194C otherwise it is a normal business income.

31 October 2021 No. TDS not applicable over such purchase.


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