Dear friends,
My doubt is whether we need to deduct tax from the monthly news letter printing charges paid to a press (by the ICAI chapter) ? It includes the designing work also. Monthly charge is around Rs. 10,000/-.
If applicable, under which section ? (2% under Sec. 194C or 10% under 194J)?
please share your views.
Thanks in advance.
TDS is applicable. if there are seperate invoices/amount mentioned seperately for printing (194C) & designing(194J). Else it is preferable to deduct higher rate of tax (ie) 194J (10%).
You have penalty/Interest for short deduction so higher rate shall be opted.
My Qu:- If office building Construction and painting related works are providing to Contractor whom working with materials at times of bill raised TDS will calculate 2% or 30% on 1% or only 1% which one calculate .
@ Pradeep: TDS on Building painting & Construction - TDS wil be chargeble U/s 194C (Contractors) 2%, but if the same is Individual/Huf 1% .
If there Material & Service charge are mentioned seperately Tds to be deducted on service amount, else on the entire invoice amount
But, even though it is whether "contract or Sub-Contract" tds should be made U/S 194C and
1). 1%, if deductee is Individual or HUF
2). 2%, if deductee is other than Individual or HUF
Regards
Regards
TDS on Printing will come under 194C & NOT under 194J. As 194J is specific to Professional Charges given under it.
Printing cannot be termed as professional Charges. It is Job / Labour Work.
Moreever TDS on Printing charges can be deducted only if fall under defination of Work,
(iv) work shall include
(a).......
(b).......
(e) manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer,but does not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer.
Tax will be deducted only if Material is supplier by deductor.
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