tds on printing & stationary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2010
if paid Rs.170000 on printing & stationary so tds will be applicable or not,if yes than what section applicable & rate & which amount tds is applicable
23 January 2010
Hi,
if bill is for printing of some item than TDS will be applicable U/s 194C
if bill is for printing of some item than TDS will be applicable U/s 194C
23 January 2010
U/S.194C @ 2%. if non-company deductee is there then 1%
23 January 2010
if bill is only of printing then TDS u/s 194C is applicable. if paid to individual or HUF then rate is 1% in other case it is 2%.
But if material is also included in this i.e. supplier gave you paper and printed as per your instruction then you can take advantage of circular 681 dt 8 march 1994.
para 7(vi) says The provisions of this section will not cover contracts for sale of goods
para 7(vi)(b) says Where, however, the contractor undertakes to supply any article or thing fabricated according to the specifications given by Government or any other specified person and the property in such article or thing passes to the Government or such person only after such article or thing is delivered, the contract will be a contract for sale and as such outside the purview of this section.
So don't deduct TDS then.
But if material is also included in this i.e. supplier gave you paper and printed as per your instruction then you can take advantage of circular 681 dt 8 march 1994.
para 7(vi) says The provisions of this section will not cover contracts for sale of goods
para 7(vi)(b) says Where, however, the contractor undertakes to supply any article or thing fabricated according to the specifications given by Government or any other specified person and the property in such article or thing passes to the Government or such person only after such article or thing is delivered, the contract will be a contract for sale and as such outside the purview of this section.
So don't deduct TDS then.
Message likes :
6 times
23 January 2010
Special Thanks to CA Prashant Gupta for nice reply.
23 January 2010
The answer given by Mr. Prashant Gupta is the law prevailing based on the pre substituted section 194C. Through The Finance (No.2) Bill,2009 the then existing section 194C has been substituted w.e.f 01/04/2009 thereby the cited circular had become invalid.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
