Tds

This query is : Resolved 

20 August 2014 what is rule of tds for printing and stationery

20 August 2014 Dear Tina,

Printing will be covered under contract and hence will attract section 194(C).

Rate of TDS will 1% (if payee is individual/HUF) and 2% for others.

Under this section TDS will be applicable only if total amount paid or payable during the financial year exceeds Rs.75,000 or single payment exceeds Rs.30,000.

20 August 2014 ON THIS TDS will deducted u/s 194C . if you make order for supply of specified printing then no tds will applicable.

but you give the material to printer to make a sign on material supply by you then tds applicable on the printing charges.@1% in case of individual/HUF and 2% in payment made of firm/company.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries