TDS on Vat bill - printing charges
This query is : Resolved
29 January 2008
out company printing, brouchers and labels contract with out side party.
In the f.y.2007-08 first two months deducted tds as per tds on contracotrs rate.
From the month of june'07 onwards party given VAT bill (4%), on that no deduction of tds, party said.
Now onwards our company people not deducted tds from party.
so, it was correct procedure or not?
as per IT Act it was correct or not?
plz.. sir, this was my major doubt?
In the f.y.2007-08 first two months deducted tds as per tds on contracotrs rate.
From the month of june'07 onwards party given VAT bill (4%), on that no deduction of tds, party said.
Now onwards our company people not deducted tds from party.
so, it was correct procedure or not?
as per IT Act it was correct or not?
plz.. sir, this was my major doubt?
29 January 2008
If its ur purchases then u can not deduct tds else u have to deduct tds on whole of the amount.
30 January 2008
IF YOU PAID LABOUR CHAGES IT WILL LIABLE TO TDS BUT IN YOUR CASE YOU WILL GIVE
PRITING OF LABLES AND IT IS PURCHASES FOR YOUR COMPANY AND NOT LIABLE TO TDS
PRITING OF LABLES AND IT IS PURCHASES FOR YOUR COMPANY AND NOT LIABLE TO TDS
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