TDS on Packing & Printing
This query is : Resolved
06 November 2009
Dear respected Members,
What is tds applicabilty on Payment to Packing material supplier ?
Thanks
Nitin Kumar
What is tds applicabilty on Payment to Packing material supplier ?
Thanks
Nitin Kumar
06 November 2009
Dear Nitin
if Packing Materials are ur Trading Goods then there is no TDS on buying & Payment of such materials.
However if these are not Trading Goods then TDS u/s 194C (i-e Payment to contractor) is applicable
if Packing Materials are ur Trading Goods then there is no TDS on buying & Payment of such materials.
However if these are not Trading Goods then TDS u/s 194C (i-e Payment to contractor) is applicable
07 November 2009
If you have given a contract for packing including packing material the TDS is applicable u/s 194C but if you are purching only packing material then there is no TDS applicable.
07 November 2009
No TDS on payment to packing material supplier.
07 November 2009
If you are purchasng the packing material outright (i.e. there is no job work involved) than no TDS is applicable. If you have given the manufacturing of packing material on jobwork (i.e. raw material is being supplied by you to the jobworker) than TDS u/s 194C is deductible
07 November 2009
agree with rahul. getting packing material there is no TDS. If you getting Service of packing material job workers then you have deduct tds as per 194C. ( 2% or 1% alongwith cess)
07 November 2009
Respected sirs,
Supplier's printing process involves job work. (Manufacturer of Printed carton & labels)
Thank You,
Nitin Kumar
Supplier's printing process involves job work. (Manufacturer of Printed carton & labels)
Thank You,
Nitin Kumar
07 November 2009
TDS will be attract only when you are Giving Job Work With Raw Material to complete the Job. That means on Only Job Work Charges TDS will be Deduct. & If you are not giving Material to complete the Job or Material is also providing by supplier then in this condition No TDS Will be Deduct on Job Work Charges.
08 November 2009
The provision explained by Mr.Rajkumar is w.e.f 01/10/2009.
Before that tax has to be deducted on the entire amount vide answer to question 15 of circular 715 reported in 215 ITR (St) 15 and circular 13 dated 13/12/2006 reported in 287 ITR (St) 174.
Before that tax has to be deducted on the entire amount vide answer to question 15 of circular 715 reported in 215 ITR (St) 15 and circular 13 dated 13/12/2006 reported in 287 ITR (St) 174.
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