Kindly advice with proper justification:
Whether TDS is deductible on payments made to vendor for printing letterheads and Visiting cards. The payment shall exceed Rs. 75,000/-. There is no contract with the vendor.
Please help.
Thanks in advance
Kindly advice with proper justification:
Whether TDS is deductible on payments made to vendor for printing letterheads and Visiting cards. The payment shall exceed Rs. 75,000/-. There is no contract with the vendor.
Please help.
Thanks in advance
in case of no contract, the invoice itself is contract, so TDS applicable u/s 194C(1)
Tds is not applicable on printing letterheads and Visiting cards, if material is not provided by the buyer.
@ Prateek, printing of visiting card never fall under the defenation of advertisement. Read carefully sec 194C.
Dear Naveen jain,
In case where a company is advertaisement agency and providing the services as Desgining the concept along with printed material( eg.,, prospectus, letterheads, brouchers etc..,). Only printing jobs is done through sub contractors and material provided by advertaisement agency.
In this case whether TDS will attract while making payement to sub contractors..?
Dear Ridhi
If Material will supplied by the principle officer then TDS will deducte u/s 194C at applicable rate (For C-2% and NC - 1%) and if material and printing both done by supplier then TDS Not applicable.
Rgds
Sandeep Jha
In accordance with sub-clause (e) of clause (iv) of explanation of section 194C which defines work, clearly specifies that:
where the product is being supplied according to specification of customer and the customer itself provides material then it will be work and is required to deduct TDS under section 194C
On the other hand if material is not provided by the customer than it is not work and provisions of section 194C is not applicable
@ all
TDS deduction is liability of payee, whereas the amount paid goes as expenditure in P/L accounts of the payee so TDS provisions are applied,
if the payee is dealing in printed stationary and such items are his purchase items, not claiming expenditure in P/L account then its not liable to TDS.
@ Anand, yes, tds will be atract in your case.
@ U S SHARMA, Provision of tds is not applicable on the basis of that expenditure has been booked in profit and loss account .
Its clear mentioned in sec 194C is materail not provided for printing then tds not applicable.
What is Definition of advertisement with relation to section 194C??
For this matter, I completely agree with Mr. Navin Jain and he is absolutely correct.
how ????. kindly explain
Koolzprint is the leading online solution provider for Customized Office Stationery, Mugs, T-shirts and Promotional Items. We expertise in designing and high-quality printing and have clients from almost all over India and abroad as well. Our master concern Sriyug Print Production founded in the year 1994 in New Delhi is a well-known Advertising and Production Agency dedicated to creating and supplying high-quality print products to meet all businesses and personalized needs.
The proprietor of M/s Sriyug Print Production is Ms. SANGEETA, a women entrepreneur and having experience in the same field for more than 27 years.
Koolzprint has more than 200 customizable Ready-to-Use designs/print products at affordable prices for creating awareness and establishing your Brand along with, Personal or Design Items for your Special Ones. The range start covers Visiting Cards, Stationery Items like Letterheads, Envelopes, Notepads, Certificates, Name slips, Invitation Cards, Announcement Cards, Marketing Material like Brochures, Posters, Flyers, Tent Cards, Danglers, Banners, Promotional items like Mugs, T-shirts, Calendars and many more products.
All our customized designs will be made available in your account in an editable format. So you can easily add details, edit them without any technical know-how about any designing software and place orders in a very efficient and easy to use fashion.
We also have our in-house professional team to help you and guide you handle your orders through the process of designing and finalizing your products in a very simple manner and hand it over within the expected delivery timeline.
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