we are purchasing one month once prinitng & stationaries around rs. 20000, we have deduct tds or not pls guide me. (yearly its come rs. 1,20,000)
we are purchasing one month once prinitng & stationaries around rs. 20000, we have deduct tds or not pls guide me. (yearly its come rs. 1,20,000)
If it is a sale transaction, no TDS. If contract, deduct TDS.
When printed stationery is purchased as per given specification i.e. meant for the organisation using it, then tds is required to be deducted u/s194C of the Income Tax Act.
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