02 February 2008
if you purchas corrugated box there is no tds provison but if you are manufacturers and you will give some material on labour charges then tds provision is applicable if payments are made in excess of rs 20000 at one time and/or total payments are made in excess of rs 50000/-in the particular year then you will deduct tds on contract.this provision is applicble to individul and huf if their turnover is in excess of rs fourty lakhs u/s 44AB
03 February 2008
DEAR FRIEND, I KNOW THIS SECTION BUT THERE LAST YEAR A NOTIFICATION CAME THAT IF OUR COMPANY NAME OR PRODUCT NAME IS NOT PRINTED ON BOXES OR PACKING CARTION THAN TDS NOT TO BE DEDUCTED FROM SUCH MANUFACTURER BILL OR PAYMENT.SO PLZ TELL ME THAT NOTIFICATION NO. THANKS.
CAclubindia
