TDS on Book Binding Work

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 November 2010 Dear Sir,

we have in receipt a Bil of Rs. 23856/-from a Book Binder for binding books in our company premises.

I want to know that TDS is applicable or not on this bill.

If applicable then what % of tax, we should deduct from his bill.

thanks
Anand Kaushik
9896192346

sudhakar ca cwa

sudhakar ca cwa (Expert)
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03 November 2010 first thing it is a service or trading.

If you purchased the books from the other person then it is trading.

or first if u given the books then he binds that books or he writes ur name then it is called.

in the second situation TDS will attract u/s 194C i.e.2%

Rajan Kapoor

Rajan Kapoor (Expert)
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04 November 2010 TDS is applicable u/s 194C @ 2% on book binding if books supplied by you.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 November 2010 Agree with Mr.Kapoor.

RANGA SRINIVAS

RANGA SRINIVAS (Expert)
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04 November 2010 Dear all

Book binding charges is subject to TDS under section 194C. However in this case, tds need not be made as the bill amount is not exceeding Rs. 30000.00

Message likes : 1 times

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 November 2010 Thanks to Mr.Ranga. I stand corrected.

Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2012 Thank you All of you