29 April 2020
Respected sir we are in business of promoting goods and services of others by providing discount coupons . we have purchased broucher, visiting card , templates , advertisement material with our logo , leaflet etc .for advertisement then whether tds will be applicable on that transaction ? we have also purchased printed star flex and star backlit material from party whether tds on contract will be applicable in both above situation ? please reply
29 April 2020
in above case we have purchased material and there was no job work . then why tds applicable ? according to my understanding , tds become applicable for job work when material are provided by supplier but we have not provided any material .
29 April 2020
RESPECTED SIR I have refereed one circular in which it was mentioned that no tds will become applicable when we purchase material for advertisement purpose . i am not remembering that circulars.
29 April 2020
These materials are not purchased off the shelf but made to order with logo so it will fall under contract work. where this distinction is made ?
29 April 2020
These materials are not purchased off the shelf but made to order with logo so it will fall under contract work. where this distinction is made ?
29 April 2020
TDS needs to be deducted on the mentioned payments. It has been specifically provided in the Circular 715 dated 08.08.1995. See Q. 15 in the following link: http://law.incometaxindia.gov.in/TaxmannDit/DispCitation/ShowCit.aspx?fn=http://law.incometaxindia.gov.in/directtaxlaws/cbdt/dtccontents/PARA1119.htm
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