We make payments to printers for company letter heads and visiting cards. Will TDS be applicable on such payments under 194C.
We make payments to printers for company letter heads and visiting cards. Will TDS be applicable on such payments under 194C.
This is a contentious issue, and there are varied decisions on this issue. There was a decision by the Chennai ITAT in Department's favour, if I remember correctly. Err on the safe side.
TDS IS APPLICABLE ON PRINTED MATERAIL IF PRINED AS PER YOUR SPECIFICATION,VISTING CARDS & LETTER HEAD ARE NOT APPLICABLE ON TDS
READ CIRCULAR OF TDS UNDER SEC 194C
ALSO CHECK VIEW OF OTHERS
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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