Tds u/s 194c
This query is : Resolved
26 July 2011
Hi!
If i m making payment to a party for the printing of letter heads and envelopes of our company amounts to Rs. 50000/- (one time payment) but the party has charged only VAT in the bill i.e., no service tax has been charged by the party.
Then whether i m liable to deduct TDS on it or whether it is exempted from deduction of TDS.
If i m making payment to a party for the printing of letter heads and envelopes of our company amounts to Rs. 50000/- (one time payment) but the party has charged only VAT in the bill i.e., no service tax has been charged by the party.
Then whether i m liable to deduct TDS on it or whether it is exempted from deduction of TDS.
26 July 2011
YES... TDS will apply as single payment is in excess of 30000/-
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