01 January 2010
If the person issues a bill collecting VAT then the nature of transaction is a contract of sale and you don't have to deduct tax from the payment to the party. otherwise you have to deduct tax.
01 January 2010
pl advise if the tds to be deducted on car repair bill which is consoidated of cost as well as repair charges and includes cost of parts on which VAT is charged and also labour charges on which service tax is charged,
01 January 2010
If there is a contract with the printer, then we have to deduct the TDS if the single payment exceeds 20000 or aggregate payment during the year exceeds Rs 50000.This is called contract for service. It will fall under section 194 c
02 January 2010
The Same issue of TDS on printing of stationery and diaries was discussed in the case of Dabur India Limited and it was held that it is in the nature of sale and TDS shall not be deducted. Now it is well settled law if VAT is charged on printing and stationery no need to deduct TDS.
08 January 2010
as printer is supplying his papers and consuming ink in said contract, this must be condedred as sale contract and not the contract of labour supply.
CAclubindia
