Save Rs 499 on a 2-Year Ad-Free Pro Membership. Subscribe Now!

TDS deduction under 194c

234 views 2 replies

Vaibhav Deshmukh

4 Points Posted on 22 November 2020

This is Vaibhav Deshmukh from VKVA Exports and Trading.I m into Trading of Paperbags and supplied printed paperbags with customers logo to one of my customer. At the time of payment they are deducting TDS under 194 c which I'm not sure if applicable as never before any of my customers deducted the TDS on previous paperbags orders. This is first time I m facing this issue. Request experts to advise if there's any way to save TDS deduction from my payment as I have not deducted any TDS from the payment made to the manufacturer from whom I have procured the bags.

Read more at: https://www.caclubindia.com/forum/tds-194c-applicable-or-not-for-paperbags-trading-564634.asp

Replies (2)

Abhishek Selvam O

374 Points Posted on 22 November 2020

If u r filling nil return or u r tax liability is 0 then u can submit form 15G/15H
15G-for other than senior citizens
15H-For Senior citizens

if there is tax liability then u can deduct this tds from tax payable and pay the balance tax amount as applicalble.

gameplaysNmore

96 Points Posted on 23 November 2020

A paperbag with a printed logo as per customer demand would classify as job work, therefore tds would be applicable. To attract provision of 194(c) one should also consider the below point:-
1) Individual billing should exceed the amount of Rs.30k or Rs.1 lac in aggregate of the financial year.