TDS

This query is : Resolved

sumit (Querist)
Follow

11 November 2009 Our Firm received a bill of Printing charges which service tax charged.
Are our firm resposible for deduct TDS, If responsible whatis the rate ?

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

11 November 2009 TDS to be deduct on gross amount on Ind/HUF 1% and on others 2% from 1.10.09.

chetan soni

chetan soni (Expert)
Follow

11 November 2009 Ram, his question was regarding applicability of TDS provisions.

Sumit,

As you said the bill is for printing, that means there is contract for printing so the provisions of Sec 194C apply.

Just check if the bill amount exceeds Rs. 20K then deduct the TDS as per the rates mention by ram.

Upgrade to CAclubindia Pro. Subscribe Now!

haridhayalan

haridhayalan (Expert)
Follow

11 November 2009 agree with experts. but before that you confirm your firm is registered with TAN. Then only you are eligible to duduct TDS, otherwise apply immediately.