27 August 2009
sir. i am working is an accountant in one reputed manufacturing unit.can u guide me i give work to printers for print of office stationary/documents/visting cards. i dont have any contract. is there tds is applicable ?
27 August 2009
The payment made directly to print media and electronic media would be covered u/s 194C as these are in the nature of payments for the purpose of advertising. Deduction will have to be made at the rate of 1 percent.But tax shall not be deducted if the amount of any single sum credited or paid does not exceed Rs 20,000 and the aggregate of the amounts of such sums credited or paid during the financial year does not exceed Rs.50,000.
CAclubindia
