TDS on Diary Purchase for sales promotion Exp.

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ankit (Querist)
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19 September 2022 Hello Sir/madam,

I am Ankit Vishwakarma, I have a question regarding TDS.

I have one Tax Invoice of Rough Diary purchase for sales & promotion exp. (Free Distribution to all debtor) Rs. 33,660/- The company logo is printed on all the diaries. so I want to know that should I deduct TDS or not. If yes so what is the rate of TDS, Section & Threshold Limit, If No so why ?

pls tell me.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 September 2022 The provisions of this section 194 R TDS shall not apply in case of a resident where the value or aggregate of value of the benefit or perquisite provided or likely to be provided to such resident during the financial year does not exceed twenty thousand rupees.