05 November 2009
Is TDS applicable on printing of brochures, leaflets, calendars etc u/s 194C. In this connection, please refer to Circular No. 13/2006 dt 13.12.2006 of CBDT. What about regular printing bills?
In respect of advt placed in souvenirs, it so happened that 2 separate insertions in 2 magazines issued by the Indian Drugs Manufacturers Asscn (IDMA) amounting to Rs.15,000 and Rs.11,000 resp were covered by a single bill of IDMA and paid by Toshvin without TDS. Will such payment get covered u/s 194C since it exceeds Rs.20,000?
Our scrutiny proceedings for AY 2007-08 are in progress where these queries have been raised re non-deduction of TDS and disallowance u/s 40(a) accordingly.
06 November 2009
As per facts given by you, TDS were not deducted on these two bills as both individual bills does not exceed rs. 20,000/- & both bills dosnot exceed Rs. 50,000/-.
CAclubindia
