we are purchasing one month once prinitng & stationaries around rs. 20000, we have deduct tds or not pls guide me. (yearly its come rs. 1,20,000)
3 Replies
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 28 March 2009
If it is a sale transaction, no TDS. If contract, deduct TDS.
deepak K Gujrati
(CA-practice)
(966 Points)
Replied 30 March 2009
When printed stationery is purchased as per given specification i.e. meant for the organisation using it, then tds is required to be deducted u/s194C of the Income Tax Act.
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