hello,
If newspaper supply at concessional rates to a trust exceeding Rs.20000/-p.m then trust is liable to deduct tax or not?
Menu
tds on newspaper supply
Replies (3)
It it is a Purchase TDS will not attract .Otherwise there is no doubt, TDS will attract.
Tax need not be deducted on this as it is a purchase of goods. Goods bought by you, which are not made as per your specifications and preferences will not attract TDS because, if you dont purchase it, the seller can very well sell it in outside market.
But if you give out your preferences to make use of the product as per your intention then TDS has to be deducted.
No,TDS on paper supply.As this is not a contract and no obligation.
Recent Threads
- Partnership Firm Closure Process
- Why the Costing Department Is Important ?
- Difference in efiling portal and intimation order
- Income tax challan correction
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
- Should we go under Section 59 of IBC or Section 27
- HUF'S ISSUE
- Gst interest and penalty doubts
Related Threads
CAclubindia
