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tds........................

kaushal (w) (545 Points)

14 June 2008

Do we need to deduct TDS when Bill of printing and stationery And bill of travel expenses increases 50000P.A. in case of 194 C??????????

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6 Replies

Ram Avtar Singh (Nagari Sultanpur U.P.Delhi) (14497 Points)
Replied 14 June 2008

Dear Sir

Section 194 C only for Contractors & CF Agents (ohers) . Stationery supplier is not a contractor if its use only for office work, if you are using in advertisement then you should deduct tds for the same.

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kaushal (w) (545 Points)
Replied 14 June 2008

service tax need to be paid on monthly basis and input services are adjusted aginst output services .

Do we need to pay services tax on balance amount even though we have not received payment from party .?????????

CA Dushyant Maharishi (CA) (178 Points)
Replied 14 June 2008

no beacause this is not a contract under 194 c.hence not necessary to deduct the tax. it is used for office exp purpose and so it is not called the contract.

Shyam Lal Naik (Service) (6156 Points)
Replied 14 June 2008

The job of priniting attracts TDS u/s 194C. Only purchase of stationery is not a works contract and is out of perview of TDS provisions.

Raj Kumar (Chartered Accountant) (25 Points)
Replied 14 June 2008

Yes we have to decuct the tds if Bill is increasing the limit of 50,000/-. And not only the excess amount but also whole amount of Bill during the year