07 March 2008
some documents are printed and bill is 50000/-.on this amount Tds is applicable? under what section? my Doubt is may be it is printing and stationary expenses.
08 March 2008
if your job is printing &stationery and you will not supply any material to the party then this is purchase and party will chargred vat on total amount if it is works contract then you will deduct tds if payment are made in excess of rs 20000/ at one time or total payments are in excess of rs 50000/- in the year then you will deduct tds U/S 194C of the same act if your quriy is printing and stationery expences then if above condition is satisfied then no tds is to be deducted if there is p[urchases
08 March 2008
Printing of documents is considered as printing and stationery expenses.
If the bill payment is one time exceding Rs.20,000 then TDS has to be deducted U/S 194C. If the bill is divided and total expenses for the year doesnot exceed Rs.50,000 then TDS need not be deducted. If the total expenses exceed Rs.50,000 during the financial year then TDS has to be deducted.
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