Is TDS applicable on online journals and magazines purchsed from a vendor???
5 Replies
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 09 April 2014
NO TDS APPLICABLE ON ONLINE PURCHASE OF E-JOURNAL
CA. ROHIT JAIN
(CHARTERED ACCOUNTANT)
(97 Points)
Replied 09 April 2014
Can you please share relevant case/section??? 194J is not clear about this.....
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 09 April 2014
actually 194 J is not applicable
since this is just a sale and purchase type transaction any TDS provision will not apply on the same.
CA. ROHIT JAIN
(CHARTERED ACCOUNTANT)
(97 Points)
Replied 09 April 2014
Just to check... In case it is sale then why there is no vat etc. applicable on this transaction, however they are charging service tax in the invoice...
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 09 April 2014
if they are charging service tax, they are wrong as per my understanding (on the basis of what you have explained in this coloumn)
and no sale tax applicable on books, stationery, journals etc.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
