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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.

26 July 2011 YES... TDS will apply as single payment is in excess of 30000/-



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