Tds on printing services

1573 views 1 replies

Dear all.

Can any one explain me whether we need to deduct TDS on printing Servies. And what about if i had made Payments to the Vendor Directly Cash, if the amount of each bill is Rs.15,000. Here Printing means Printing of Material, Forms etc.,?

Replies (1)

Yes. TDS Should be Deduct on Printing Services under section 194C (Payment to contractors)  and its threshold limit and TDS rates is as

1) Single transaction   -     30000  - Company/Firm/ CO-op Soc. Local Authority -  2%

                                                          -  Individual HUF  -  1%

                                                          - If No Pan or Invalid Pan - 20 %

 

2) Aggregate during FY  - 75000.   - Company/Firm/ CO-op Soc. Local Authority - 2%

                                                          - Individual HUF - 1%

                                                          - If No Pan or Invalid Pan - 20 %

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register