If we purchase Text Books or Note Books worth >25Lakhs from one person TDS is applicable or not ? if applicable under which section?
*condition: we don't have GST Registration even composition Scheme.
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TDS on purchase Text or Note books
Replies (3)
Here u have purchased the books which will be treated as material ...so as per act tds is not applicable...(194c)..
it is only applicable if you purchased it on contract basis ...though it is in nature of material so No TDS is applicable....
it is only applicable if you purchased it on contract basis ...though it is in nature of material so No TDS is applicable....
No need to deduct TDS on purchases
Not required
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