Tds on printing of books

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

06 May 2014 We are buying Books from Offset Printers they are charging 5% Vat on Bill. Can we deduct TDS while payment bill amount ?

If yes what is the % of TDS ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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06 May 2014 what is the amount and check whether sec 194C is applicable or not?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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06 May 2014 if not material is provided by you, it would be a sale contract and no tds shall apply.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2014 Dear Sir ,
Our Paper Trader providing Paper to the Offset Printer & Offset printer printing Books & supply to us with 5% Vat.
So may I deduct TDS while paying Bill amount & If Yes on Which amount TDS will be Deducted-Basic or Gross bill amount?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 May 2014 in such a case, tds is to be deducted on the gross amount.

Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2014 Dear Sir ,

Thanks a ton..

What is the % of TDS & under which section I will deduct TDS ?

Kindly explain.....