Tax deduction from supplier

TDS 1116 views 1 replies

SANJEEV KUMAR

Finance professional

227 Points Joined June 2008

There is one supplier who is providing srationary items like pens, cartridge and other item of more than 200000/- every year to a company, whether TDs @ 2% should be deducted from bills, or not any TDS should be deducted or any other tax should be deducted, pls guide.

Thanks and good wishes

Replies (1)

Harinder

student

219 Points Joined January 2008

In my view, Stationery and related items will be termed as "Purchases" instead of service or contract for service. So, no TDS, but checkout what everybody else thinks.