TDS deduction under 194c

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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

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On 22 November 2020 at 17:24 Report
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Quick Summary
A trader supplying printed paper bags with customer logos is facing TDS deduction under Section 194C for the first time. They seek advice on whether this deduction is applicable, especially as they haven't deducted TDS from their own suppliers. The discussion clarifies that printed paper bags with logos can be considered job work, making TDS under 194C potentially applicable if individual bills exceed £30,000 or aggregate bills exceed £100,000 in a financial year. Options like submitting Form 15G/15H or adjusting TDS against tax payable are also mentioned.

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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.
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On 22 November 2020 at 18:18
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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.
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On 23 November 2020 at 18:06

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