19 November 2007
Whether TDS u/s. 194C is to be deducted, if the assessee is to make payment which is in excess the limit prescribed in the section 194C to a printing press for supply of Printed Materials as per prescribed specification?
I have gone throught he circular No. 715 dated 08.08.1995, which says YES.
I have still some doubt in this, particularly after going through the judgemnt delivered in the case- “State of Madras v. Prasad Production (P.) Ltd. {1970} 25 STC 423(Mad.)”.
29 November 2007
Sir, I could not find the quoted judgment. However judgement in the same line has been delivered by High Court of Bombay : Aurangabad Bench in hte case BDA LTD. vs. Income Tax Officer (2006) 201 CTR (Bom) 413: (2006) 281 ITR 99 (bom) : (2006) 153 Taxman 386.