Tds in printing charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2012
We are getting printed item as per our requirement and logo.The printer charging VAT in their bill.Please let me know whether we have to deduct TDS from their bill and what is the threshold for deduction of TDS.
Please reply back immediately.
Please reply back immediately.
Sunny Sonwal
(Expert)
12 October 2012
yes, you can deduct TDS @1% in the case of payment made to Individual and HUF and @2% in the case of Other than Individual and HUF.
Threshold limit is Rs. 30000 in one payment and Rs 75000 in a whole payment.
Threshold limit is Rs. 30000 in one payment and Rs 75000 in a whole payment.
12 October 2012
If the required materials are purchased from market ie., other than from you, then it is not a 'work' as per the substituted section 194C ,w.e.f 01-10-2009, and accordingly no need to deduct income tax at source.
Hemant Kumar
(Expert)
13 October 2012
Agree with B.Chackrapani sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- Employee secondment
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Rent agreement of House of deceased person
- TDS Return Statement Status
- Capital gain on commercial property and investment in residential property
- Rectification under processing even after 6 months cpc portal
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
